The Procurement Framework blog at LHTS

Should You Pay Suppliers on Time? Why Payment Terms and Delivery Performance Must Not Be Mixed

Should buyers pay suppliers on time if suppliers deliver late? Learn why payment terms, delivery dates, and liquidated damages are different contract questions in procurement.

Liquidated Damages in Procurement: Remedies, Risk and Contract Clauses

Learn what liquidated damages mean in procurement, how they relate to remedies, supplier delay, risk mitigation and contract management.

Case Study: Claiming Liquidated Damages for Late Deliveries

Background of the Case Imagine that you’re Alex, a buyer working for a company called Stellar Electronics, which manufactures high-quality consumer gadgets. Stellar relies on various suppliers to provide the components needed...