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Caveat Emptor - Long-term Contracts

May 22 2019 By Procurement Professionals caveat emptor, CFO, contract, COO, cost breakdown, delegation, inflation, Karrass, long-term, market knowledge , price control, procurement, procurement skills, purchasing, RFx, structuring, terms and conditions , Ts&Cs

Beware the buyer.  This Roman call for caution has echoed over the millennia, and is as relevant today as it was on the day it was first uttered.  It is still an integral part of our law and commerce, carrying a warning to all those entrusted with committing an organisation's money. Somewhat more recently, but in the same vein, Karrass1 famously ...

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