The Contract Diamond a usable contract structure

· Its modular form means it can be included in the RFP

· The structure reduces time spent in legal negotiations and focuses valuable commercial time in the right place

· It complements multiple stream approaches to selecting and negotiating with the preferred supplier

· Inter-relating topics are dealt with in the same place allowing more focussed negotiations

· Each stream can see all the relevant components in one place reducing the need for heavy coordination and the risk of issues falling through gaps

· No repetition, reduces inconsistencies 

· Consistent with sourcing best practice and readily adaptable

· The construct is particularly suited to running parallel streams of work with resource constrained retained functions

· Easy to read, easy to manage, easy to implement

· Topics are logically grouped making it easier to find the answer

· Management of change through the life of the agreement is made more efficient

· Constructed from the perspective of ongoing contract management and supplier management

· Allows project managers and business sponsors to drive an appropriate financial, commercial and technical emphasis