Elements of an Effective Fleet Contract

By Team Writer / March 28, 2019

Contract specialists and legal departments are essential in the process of establishing a successful fleet contract for your company’s transportation department. Each contract should include sections such as invoices, a summary of financial deals, and details surrounding the terms of termination. It is also imperative to include a request for information (RFI), as well as a request for proposal (RFP) so that all of your company’s fleet procedures and standards are kept from the wrong hands in the future.

Key Takeaways:

  • Fleet procurement contracts are many, including referral agreements and reseller agreements.
  • Specific service agreements can be broken down to staffing, training and legal and financial service agreements.
  • A capital lease leasing structure, which is the norm in North America, may require a master services agreement to cover fuel and maintenance.

“An effective process comes when we can engage in discussions with key procurement specialists and company stakeholders, understand supplier and negotiation strategies with vendors, and measure key performance indicators (KPIs).”

Read more: https://www.fleetfinancials.com/321539/how-to-secure-an-ideal-fleet-contract

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Team Writer