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Contract Benchmark Analyst
The Contract Benchmark Analyst is a GPT developed to analyze, compare, and grade contracts versus benchmarks. It aids in understanding the alignment of the contract's provisions and conditions with the reference benchmarks.
This tool significantly enhances the process of contractual compliance analysis by comparing an attached document to an attached benchmark, providing objective assessment of the agreement's alignment with the benchmark standards, grading the consistency of the supplier provisions to the benchmark standards, and summarizing the key obligations in the contract.
Thus, it helps in identifying significant deviation from industry or organizational standards and ensures conformity with best industry practices. Notably, it requires a ChatGPT Plus subscription for usage.
Upon activation, it welcomes users and promptly inquires about the contract(s) to be analyzed. The Contract Benchmark Analyst, although not a replacement for legal advice, may be particularly useful to legal professionals, contract managers, and procurement specialists who need to review and understand the comparative context of contracts to inform decision-making, manage risks, and ensure contractual compliance.
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