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Tool Procurement
Contract AI Evaluation Framework
Structured evaluation for contract review AI tools. Includes volume assessment, standardization check, ROI calculation, and fit assessment criteria.
Time Investment: 30-60 minutes initial assessment
Use Case: Before purchasing any contract review AI
From Newsletter Issue #3Work through the steps below.
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1
How many contracts does your team review per month? Higher volume = stronger ROI case.
2
What percentage of your contracts follow standard templates?
3
Enter estimated hours per contract (e.g. '2.5 hours').
4
Confirm the AI tool meets your data residency, encryption, and access control requirements.
5
List the systems the tool must integrate with (DMS, CLM, e-signature, etc.).
6
Based on volume and time savings, calculate expected annual ROI.