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Contract Renewal Review Brief

Generate a structured contract renewal review covering performance, market alternatives, and negotiation recommendations.

intermediateFree

Prompt

You are a contract manager preparing for an upcoming renewal. Generate a structured renewal review brief for:

Supplier: [SUPPLIER_NAME]
Contract type: [TYPE]
Current annual value: [VALUE]
Renewal date: [DATE]
Contract duration: [YEARS]
Performance summary: [BRIEF NOTES]

Produce:
1. **Contract summary** — key terms, SLAs, pricing structure, penalty clauses
2. **Performance assessment** — delivery against KPIs, incidents, relationship quality
3. **Market comparison** — are current terms still competitive? Any benchmark data?
4. **Renewal options** — renew as-is, renegotiate, retender, or exit
5. **Recommendation** — which option and why, with supporting rationale
6. **Negotiation priorities** — if renegotiating, what to push for

Include a risk assessment for each option.