Ensure better contracts in public procurements
Address the challenges of unregulated contracts in public procurements head-on with Prognos. No longer rely on suppliers’ information or irrelevant indexes – utilize your own and sidestep unfair price regulations. Equip yourself with the tools, training, and expertise necessary to negotiate contracts, make informed decisions, and attain fair, market-based prices in all public procurements.
How We Can Help
Services
Contract Control
Simplify your contract negotiations using customized index baskets tailored to your specific product or procurement category. Incorporating multiple indices ensures a comprehensive and nuanced market perspective. We help formulate index-regulated contracts and framework agreements with prices that are continuously updated based on market trends. Additionally, we assist in crafting agreements for swift review concerning price adjustments.
Should Cost Trackers
Stay updated on key cost changes with our Should Cost Trackers, designed to counter unjustified price hikes and aid in negotiating price reductions. Prognos closely examines your products’ cost structure, delivering tailored reports indexed to all included cost drivers. This provides a comprehensive category overview, supplying data that strengthens contract negotiations with concrete market insights
Selected Indexes
Navigate the expansive universe of market indexes with ease, ensuring fair and relevant index-based suppliers’ price adjustments. With countless indexes available, Prognos simplifies the process by helping you find, understand, and choose the right indexes to give you the upper hand in negotiations where you’re not at the mercy of your suppliers.
Why Prognos?
What you can expect from our services
Expanded bidding pool: Creating an environment of fairness and competitiveness leads to an influx of bids, offering a diverse range of options for your procurement needs.
Reduced market risks: The shift away from fixed prices and towards index-regulated contracts substantially decreases exposure to market volatility, providing stability in your procurement efforts.
Transparent pricing: Regularly updating prices presents a clear view of how costs change over time, contributing to improved contract management and more robust supplier relationships.
Cost-effective procurement: Employing index regulation in contract management promotes fair, transparent pricing. Suppliers no longer need to factor in a market risk premium, resulting in lowered procurement costs
TESTIMONIALS
Loved by businesses and individuals across the globe
After our previous supplier wouldn't adjust their prices according to indications from our models from Prognos, we made the decision to look for a new supplier. The funny thing is that the new prices, after the sourcing project, were exactly in line with what Prognos models suggested. This saved us about 20% within this major category.
Get In Touch
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Erik Lehman
Business Developer, New Customer Contact