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.