Navigating the impact of the pandemic on technology contracting in preparation for a post-COVID-19 world.
By Brian Meenagh and Alexander Hendry*
A recent Latham.London blog post recommended five steps that customers should take when procuring technology and related services in light of COVID-19 and future pandemics. This blog post examines five additional considerations for customers based in the Middle East.
As a starting point, the recommendations in the Latham.London post still apply, and Middle East customers should:
- Have an open discussion with the vendor about the potential service impacts of COVID-19
- Structure the service in the most resilient way possible
- Consider whether internal (or other third-party) solutions can fill any gaps
- Make clear which party will bear any remaining risk of service disruption
- Ensure that the output of discussions about “risk” flows through to the fee arrangement
In addition, Middle East customers should consider the following.