Sole Source and Cost Plus Contracts: Beneficial and Profitable for Whom?
Thursday, May 8
1:00 PM EDT (17:00 GMT)
1 CPE Credit: Specialized Knowledge and Applications*

Automotive companies negotiate sole source and cost plus contracts with suppliers to secure their supply chain at a competitive price. But could accounting issues be giving your suppliers an unfair advantage? We'll discuss:

• Supplier agreement due diligence, including the supplier's financial statements, the structure of the agreement, and how “right-toaudit” and “books and records” should be defined.
• Addressing red flags in current supplier relationships, including vague definitions of cost and mark-ups, a weak “right-to-audit” clause, lack of response to information requests, and attempts to limit examination scope.

Learn how to protect your company's interests by more effectively managing your supplier relationships.