Lifecycle Management Group, the leading NHS procurement and contract management organisation, have joined forces with Liaison Financial, the leading NHS cost recovery experts, to deliver a comprehensive Contract Lifecycle Management service.
The Contract Lifecycle Management service is aimed at reducing contract-related spend for NHS organisations by improving processes, making the right decisions at the outset and then actively managing contracts effectively throughout their life.
The new service brings together services from Lifecycle and Liaison Financial, both experienced suppliers to the NHS, having worked exclusively on behalf of the NHS for more than 25 years.
NHS clients will benefit from Liaison Financial’s forensic contract compliance reviews, helping to recover rebates when suppliers overcharge or fail to perform. In addition, Lifecycle’s whole-life contract management service will enable NHS organisations to benefit from procurement and continuous management that, in addition to Day One savings, delivers the lowest whole-life costs and improves suppler performance.
NHS organisations will benefit from this innovative joint approach that delivers greater control and transparency over contracts, resulting in improved contractor performance and reduced costs. The service is supported by Lifecycle’s OPTIMiSe platform, providing full reporting on all activity, budgets, timescales and workloads – ensuring that contracts are effectively managed and closely monitored over their entire life.
Alison Jones, Managing Director of Liaison Financial comments: “This innovative approach to contract management not only allows greater control and transparency but also monitors contractor performance and generates significant procurement savings.”
Peter Mullin, CEO at Lifecycle Management Group adds: “We’ve both worked exclusively with the NHS for decades, saving the NHS £100s of millions to help meet CIP targets. Our new partnership is aimed at cutting whole life costs, boosting supplier performance and delivering savings.”