In this post we reflect on building the ideal contract negotiation team: What should be its composition and size? What practical rules and roles for each member of your contract negotiation team? And, what behavior to expect from the team?
This post gives feedback on the Harvard Negotiation Masterclass by The Program on Negotiation, a consortium project of universities (Harvard Law School, Harvard Business School and the Massachusetts Institute of Technology), probably the world’s most vibrant effort for reflection and training on negotiation. This negotiation masterclass clearly shows the importance, for a negotiator, to be conscious about the negotiation process, the situation of the counterpart and your own behavior.
This post cites from Atul Gawande’s TED talk “Want to get great at something? Get a coach.” and transposes it to contract negotiation.
We are all prone to making the same negotiation mistakes. Fortunately, through awareness, preparation, and practice, we can begin to overcome our negotiation mistakes and reach better deals.
When you are stuck in those long negotiations, you need to chill out. What is your favorite “negotiation chill out music”? Here we have a look at how the relaxing sound and words of “Riders on the storm” from The Doors can help you.
This posts shows that you can learn about win-win negotation from kids during holidays … and especially what you should not do to avoid spoiling the deal.
Package deals are a powerful approach to resolve, in one go, a substantial number of issues during a contract negotiation. They are a “must have” in the toolbox of an efficient negotiator. In the post here below, we have analysed some important aspects around initiative, timing and presentation of such deals.
Maybe even more than taking advice on what we should do, as negotiators, we need to be aware of what we should not do. This post provides you with 5 “don’ts” that are pretty straightforward. Staying away from these is a necessity to remain a credible and successful negotiator.
The easiest way to finish early is to start early. In practice, starting early requires a Limited Notice to Proceed (LNTP) agreement. This article describes the win-win outcomes brought by starting early which include risk reduction, smoother project start-up and cost savings.
This is a case study of a multicultural negotiation for a privately developed concession to build and operate a hydro-power plant during 30 years. The discussions came to a win-win subject: the specific advantages for each of the stakeholders brought by early generation. This created a positive atmosphere during the negotiations based on trust, respect, transparency and pro-activity. This atmosphere was also beneficial to resolve other subjects that were not themselves win-win situations.