You are Better Off than the Average Cave Man. Really.
Imagine you were a caveman way back in the stone age when contracts were set in stone. You’d be chopping and hacking for weeks, maybe months before you’d finish all the terms and conditions. Phew, talk about hard work! And along came your counterpart, requesting a ‘minor change’. You couldn’t just erase it, could you? Can you imagine hauling in a brand new piece of rock to start all over again? Nope, you’d rather bash his head. Shows him for not accepting your standard terms and conditions, right? Both, customer and supplier are way better off nowadays with all them nifty tools and software-thingies. And still, we do not like it when our counterpart comes along requesting all kinds of changes on our texts. Though tempted maybe, you know better than to bash his head, don’t you? But still, if you’d only knew some tips and tricks to take away that temptation…
This is the first post in a series on redlining documents. As a contract manager you’ll be doing a lot of redlining and I’d like to share some tips and tricks with you on doing this the proper way, making your job a little easier (and less messy). But before we dive in, let’s first start with answering the question:
What Does Redlining a Contract Mean?
I went out on the internet to find a definition, and found a nice one on Webopedia. According to this website “redlining” refers to marking text that has been edited. Typically, redlining is used when two or more people are working on a document together; each individual can redline the text he or she has added or edited. The redlined text will then appear in a special color (or as bold) so that others can see the changes that have been made.
So when we’re talking about redlining a contract, it’s about sending back and forth the contract texts to have them checked, and where applicable edited, right up to the point where both parties agree to sign it.
Note, that this process repeats itself each and every time you want to add or change something to the commitments along the way.
How to Redline a Document? My 8 Main Tips and Tricks.
How to go about redlining a contract? Well, here are my 8 main tips and tricks (click on ‘em to read more):
Well, There You Have It.
The first post in a series on redlining contracts. I am sure they will come to use someday.
Next Up: More Tips on Contract Governance – Don’t Miss Out!
Now be sure to check on my website every now and then because I’ll be giving you more tips and tricks of the trade on how to have successful IT contracts. Don’t miss out, simply sign up using the form at the bottom of this page.