Designed and made in Canada
Deals · Procurement
From award to signed contract, in one place
The award is made. Now the contract has to be finalised with the supplier, and the file has to show who was sent which draft, and when. A deal gives that one contract a shared room for sixty days.
The problem
Drafts go back and forth by email between the contract officer, the supplier and legal. Somebody reviews a superseded copy, and at the end the procurement file is rebuilt from a mailbox.
How Termsroom handles it
- Every draft is kept in order with its date and who sent it, and each version is compared with the last.
- Each clause still in discussion is listed with its status, and each one both sides agree is recorded.
- Your side has a private room for internal notes and approvals. The supplier sees only the shared table.
- The supplier joins free and needs no storage of its own.
What you end up with
A dated record of every version, who sent it and what was agreed: the part of the procurement file that is usually rebuilt from email.
Where procurement teams use it
Contract finalisation after an award
Settling the terms with the successful supplier before signature.
Renewals
A supply or services agreement coming up for renewal, with the supplier’s marked-up copy.
Standing offers and call-ups
Terms for a call-up against a standing offer or supply arrangement.
Amendments and change requests
A change to a contract already in force, with the history kept with it.
What it costs
Your first deal is free. After that, a deal is $150 for sixty days.
- Five deals are $500 and twenty-five are $1,945. A thirty-day extension is $50, up to two per deal.
- A pack of 25 and Deals Unlimited ($4,995 a year for up to 25 people) can be bought on a purchase order.
Launch prices, the same figure in Canadian or US dollars, for purchases made until 31 October 2027. Until buying deals online opens, write to sales@termsroom.com.
Worth knowing
- Termsroom is for settling a contract after an award or for a renewal. It is not a tendering or bid evaluation system.
- It does not tell you whether your process meets your procurement rules. It gives you a dated record to show them.
- It does not sign the contract. Sign it the way you do today, with your e-signature tool or on paper.
A question? Talk to us.
Buying, a security review, a purchase order, or a question about your own situation: write to us and a person on the team will reply.