In some sectors, companies can critically depend on third parties. It is not unusual for over 90% of any given contract value to be passed on to these third parties. If the third party has financial issues during the relationship, it can lead to delays in the work and overall contract delivery. If a third party behaves in an overly contractual or argumentative manner, it can lead to delivery delays, additional costs and often the need to dedicate more company resources to manage the third party. If a third party is involved in corruption cases (either real or alleged), legal liability may extend to the company and have reputational impact.
展开▼
