This website uses cookies

This website uses cookies to ensure you get the best experience. By using our website, you agree to our Privacy Policy

International In-house Counsel Journal logoInternational In-house Counsel Journal logo

The Big White Elephant: 'Contract Management state of mind and road forward'

March 2015
ContractEnergy

Abstract

I have worked in in-house legal departments as an in-house lawyer for almost 10 years in various industries both on the customer side as well as the supplier side mainly within procurement and was actively involved in kick-starting Contract Management as a discipline in Denmark with the establishment of the Danish Contract Management Association, closely linked to the global organization within the area of Contract and Commercial Management, IACCM. Contract Management has developed significantly over the last 3-5 years and is today a well-known discipline, widely referenced and used by companies and practitioners globally but what is the state of mind for Contract Management, how far have we come in actually implementing Contract Management in organizations? In order to answer that question is it first of all necessary to look into the definition of Contract Management.

Read Paper

Author

Portrait image of Martin Lønstrup
Martin Lønstrup
Head of Compliance, Falck Global Assistance A/S, Denmark

Martin Lonstrup is a Danish Lawyer, having worked with contract management and legal for the last 10 years, founded the Danish Contract Management Association (DCMA), former Chairman of DCMA. Worked in various related roles from Head of Legal, to Legal Counsel and Contract Manager, Senior Legal Advisor in Maersk Oil Houston to now working in Maersk Oil Corp Legal Compliance as Senior Legal Counsel and experienced in contracting from various aspects with focus on procurement. Martin worked with operational contract lifecycle management in different companies and industries, implemented legal department governance models, policies, CM processes, CM tools, compliance, legal processes ensuring better use of contracts, financial optimization, and clear overview of contracts. Most recently in the role as Senior Legal Counsel and Business Lead on implementing a new contract management tool in the Maersk Group globally before moving to a new position within the Maersk Group in Maersk Oil Houston and latest Maersk Oil Corp Legal Compliance. He has developed the new Contract Management process model, the Contract Puzzle – a new and improved way to think Contract Management, allowing any organization to work with Contract Management without having to prepare an extensive business case to begin with. This process model gets Contract Management out of the shade of theory and ensures that it’s tangible to everyone, step by step enabling the organization to visualize the process for management in a concise and clear way.

Company

Falck Global Assistance A/S logo

Falck Global Assistance A/S

Falck’s activities are directed at preventing accidents and disease; providing assistance in situations of emergency, accidents and need; and helping people move on with their lives after illness or accidents. Falck has business activities in 44 countries on six continents. In 22 countries Falck provides ambulance services to the general public in close collaboration with the authorities. Operating more than 2500 ambulances, Falck has the world’s largest international ambulance fleet. And with fire-fighting services in several countries worldwide, Falck is also the world’s largest provider of fire services. Globally, Falck is a leader in rescue and safety courses, especially for staff in the offshore and maritime sector. At 37 training centres in 19 countries on five continents, Falck trains clients to take care of themselves and their colleagues.

Related Papers

The Sustainable Contract
Sustainability has been an integral part of Eni and Enel's culture and strategy for years, as well as a real source of economic value, driving a process of continuous and...Read more
Portrait image of Pietro Galizzi
Pietro Galizzi
Head of Legal, Regulatory and Compliance Affairs, Eni gas e luce S.p.A, Italy
Portrait image of Edoardo Marcenaro
Edoardo Marcenaro
Head of Legal & Corporate Affairs , Enel Grids srl, Italy
Negotiating Commercial Terms and Mitigating Risks in Virtual Power Purchase Agreements in The United States
In 2019, commercial and industrial purchasers (C&I), particularly in the United States (U.S.), signed record renewable energy deals with third-party developers through power purchase agreements. Worldwide contracts that were signed...Read more
Portrait image of Kingsley Osei
Kingsley Osei
Lead Project Counsel, State University of New York, USA
Force Majeure and Pandemic
Since the COVID-19 broke out in December 2019 in central China, the lockdown of the entire country ensued and then the disease has grown exponentially around the world thereafter. Countries...Read more
Portrait image of Haitao Zhang
Haitao Zhang
Director, Legal, Cnpc America, Canada
Covid-19 - A Contractual Nightmare
While COVID-19 (previously known as ‘2019 novel coronavirus’) has engulfed the entire world and authorities have been desperately implementing umpteen measures to contain the spread of this pandemic; from a...Read more
Portrait image of Arun Subash
Arun Subash
Legal Counsel for Oil and Gas - E&P, Reliance Industries Limited, India