GLS SMART Schedule - Liquidated Damages™
Making the production of better Schedules more efficient
Procurement contracts regularly include schedules which are unclear and poorly drafted – especially in more complex procurement scenarios.
A lack of clarity frequently results in dispute scenarios arising.
Related challenges include:
- legal teams spend too long reviewing poorly prepared schedules
- schedules are usually compiled last minute and by multiple authors
- important commercial terms are missing and/or lack precision
- schedules are often cut and pasted meaning poor schedules are replicated
- you do not have consistent and/or structured schedule templates
- technical & operational teams lack experience in “plain English” drafting
- your business does not have an approved common start point to schedule production
You need a tool that helps your team create complete, clear & comprehensive schedules every time.
The GLS Solution
GLS SMART Schedule - Liquidated Damages™ is a GLS Smart Schedule™ that allows you to accommodate any form of Liquidated Damage regimes into your commercial agreements..
Recognising that most contractual disputes arise from lack of “clarity” over what is to be delivered or performed, GLS Smart Schedules™ helps your team produce simple, clear & complete schedules.
GLS Smart Schedules™ enables your commercial team to produce higher quality schedules thereby supporting a more efficient (time and cost) & qualitative document assembly process.
GLS Smart Schedules™ leverages emergent best practices around form, content and structure of common schedules to procurement contracts and guides the user how to efficiently produce them.
Each GLS Smart Schedule™ contains a range of SMART features designed to aid information assembly and clarity of meaning – which in turns boosts the likelihood of successful performance.
The emergent result is that critical contractual schedules can be produced better, faster, cheaper and drive a safer contracting experience.
Click "View Solution" to see the features of a GLS Smart Schedule template.
|Comprehensive:||GLS Smart Schedules™ will guide you through all the aspects needed to drive efficient production of the relevant schedule.|
|Structured:||GLS Smart Schedules™ are well defined, with a clear navigational structure that dovetails with your organisation’s policies .|
|User Friendly:||The tool is extremely user friendly, peppered with guidance notes and is drafted in plain English for use by anyone designated to do so.|
|SMART Features:||The GLS Smart Schedules™ tool provides a variety of "smart features" which help identify problem areas and provide a pathway to an efficient solution.|
|Accountability:||GLS Smart Schedules™ have a "forced sign-off"’ function to facility orderly progression and accountability of your procurement schedules.|
|Locksin Positions:||The GLS Smart Schedules™ has a smart feature to lock-in your organisation’s baseline procurement position.|
|Vendor Data:||The tool locks-in or dictates the format of all your vendor data to promote easy accessibility.|
|Big Law Review||US Rate||GLS Cost||Minutes|
GLS RPLV Legal Operations Score
This solution’s GLS RPLV impact score:
|Ease of Implementation:||Complex||Average||Easy|
|Productivity Leverage Profile:||Low||Medium||High|
|IHL Line Optimisation:||Single||Multiple||All Lines|
IHL Critical Function Optimisation Targets
This solution enhances performance across the following critical in-house functions:
In-House Legal: Critical Functions / Processes
GLS has identified 15 critical in-house processes/functions that are present in every world-class legal department. To learn what these functions are, their composition and how they interrelate to deliver efficient legal team performance outcomes - visit here.
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