TMS Contract Penalties That Actually Work: The European Procurement Framework for Enforceable Liquidated Damages That Protect Against eFTI and Compliance Failures
European procurement teams face a critical challenge in 2026: according to the Standish Group's Annual CHAOS 2020 report, 66% of technology projects end in partial or total failure, while TMS contracts worth hundreds of thousands of euros lack proper penalty clauses that protect against regulatory compliance failures. A