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Contracts Review

Knowledge of the contractual and legal matters related to expenditures (consulting services, maintenance, agreements, hardware and software acquisitions, outsourcing, etc.); ability to evaluate, interpret and improve the language used in contractual agreements.

Behavior Statements

Proficiency Level 1 - Basic understanding

Identifies existing agreements and contracts for products and services.

Cites examples of contract clauses that must be complied with.

Identifies and interprets simple contracts and corresponding legal reports.

Summarizes major types of existing contracts.

Proficiency Level 2 - Working experience

Monitors compliance with contract specifications and regulations.

Assists in evaluating specific pricing and delivery alternatives while analyzing benefits and drawbacks of each.

Interprets legal documents detailing service provisions by an outside party.

Maintains files of relevant information for specific customers, vendors, or contracts.

Assesses the key legal considerations associated with terms and conditions of a contract.

Proficiency Level 3 - Extensive experience

Teaches the proper evaluation and interpretation of the language used in contracts.

Designs organizational platforms and operational considerations of contract reviews.

Advises on the appropriate solutions to complex contract problems.

Reviews and ensures compliance with relevant organizational and legal policies and procedures.

Coaches on the adoption of advanced technologies and tools for contracts.

Designs the criteria for reviewing organizational contracts.

Proficiency Level 4 - Subject matter depth and breadth

Designs systematic protocols and procedures for contracts in the organization.

Advocates the development of new technologies and tools for contracts review.

Evaluates complex proposals, identifies alternatives, and makes recommendations accordingly.

Predicts the future trends of contracts.

Mentors others on evaluating and managing contracts in the industry and marketplace.

Plays a leadership role in shaping best practices for contract design throughout the industry.

Interview Questions

  • Tell me about common challenges you face in obtaining contract approval.
  • Tell me about steps you have taken in order to facilitate the contract approval process.
  • What kinds of tools and techniques have you used in contracts review management?
  • What kind of problems have you encountered in reviewing contracts?
  • What industry trends do you recognize in the technologies and tools used for reviewing contracts?

Titles with Shared Competencies