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Companies urged to rebid managed service contracts regularly for cost savings

Managed service providers (MSPs) often become entrenched, with companies inheriting them and failing to re-evaluate their contracts. This can lead to inflated costs, outdated services, and a lack of strategic alignment, as the MSP may become the sole source of knowledge about the client's IT environment. IT leaders should proactively manage these relationships, conduct regular contract reviews, and rebid services every three years to ensure competitive pricing and better service levels, potentially saving 10-25% and improving performance expectations. AI

IMPACT This article discusses IT management best practices and does not have a direct impact on AI operations.

RANK_REASON Opinion piece from a Forbes contributor discussing IT management best practices.

Read on Forbes — Innovation →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Companies urged to rebid managed service contracts regularly for cost savings

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Commentary
Opinion piece from a Forbes contributor discussing IT management best practices.
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product, other
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20 days old
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Full methodology in our editorial standards.

COVERAGE [1]

  1. Forbes — Innovation TIER_1 English(EN) · Victor Cardona, Forbes Councils Member ·

    Fire Your MSP, Or At Least Make Them Earn It Again

    If your MSP does a good job, one-time engagements can turn into ongoing dependencies.