7.2.3 SP 2.3-1 Revise the Supplier Agreement or Relationship
Review the supplier agreement to ensure it accurately reflects the project’s relationship with the supplier and current market conditions Revise the project’s defined process or work products as necessary to reflect changes in the project-supplier relationship Ensure that the supplier’s processes or work products are revised as necessary to reflect changes in the project-supplier relationship Coordinate changes to the supplier agreement with the supplier to ensure that changes in the project-supplier relationship are understood by both the project and supplier Adapt the supplier agreement or relationship to better match the supplier’s performance based on the results of risk evaluations Communicate to project members and other relevant stakeholders all changes to the supplier agreement and to the project-supplier relationship