Project: Carrier Services Contract Optimization & Cost Reduction
Project Description:
This project aims to optimize NYULH's network services contracts, which encompass data, voice, video, and cellular services, to achieve significant cost savings and operational efficiencies. It will address expiring and soon-to-expire service agreements, streamline pricing structures, and ensure compliance with evolving business needs.
Key Objectives:
Contract Negotiation & Standardization:
Negotiate new service agreements for over 200 point-to-point circuits (lit & dark fiber, Ethernet, voice) nearing or past expiration, establishing flat-rate pricing based on service, region, and site size.
Standardize pricing for over 400 cable modems, FIOS, and TV services to simplify budget creation.
Review and renegotiate master service agreements for voice, data, and video services older than three years to ensure compliance and optimize terms.
Vendor & Route Diversity:
Maintain business continuity through route and vendor diversity in all new and renegotiated agreements.
Cellular Service Optimization:
Review cellular carrier master service agreements to ensure NYULH receives optimal value across all three major carriers.
Stakeholder Alignment & Requirement Gathering:
Collaborate closely with NYULH stakeholders to understand evolving bandwidth requirements, project deadlines, and operational challenges.
Work with NYU Real Estate and FGP administration to review site lease termination dates and disposition to determine renewal terms.
Cost Reduction & Billing Accuracy:
Reduce or eliminate costs associated with billing inaccuracies and contract discrepancies.
Conduct regular audits of billing statements and vendor agreements to identify overcharges and potential savings.
Financial Impact Measurement & Reporting:
Quantify the financial impact of optimization efforts, demonstrating a clear Return on Investment (ROI).
Provide monthly reports detailing year-to-date cost avoidances and monthly/annualized recurring cost savings. Anticipated Financial Impact:
Circuit Optimization:
Achieve a 12% to 20% reduction in monthly costs and establish fixed-rate pricing for all circuits, including the 200+ circuits up for renewal.
Standardized video and cable modem pricing will further contribute to cost savings.
Estimated annualized OPEX savings of $350,000 across multiple vendors.
Cellular Service Optimization:
Achieve a 12% to 20% reduction in monthly recurring costs and fixed-rate pricing for cellular services and devices.
The goal of an additional $250,000 in annualized OPEX savings.
REQUIRED SKILLS AND EXPERIENCE
Project: Carrier Services Contract Optimization & Cost Reduction
Project Description:
This project aims to optimize NYULH's network services contracts, which encompass data, voice, video, and cellular services, to achieve significant cost savings and operational efficiencies. It will address expiring and soon-to-expire service agreements, streamline pricing structures, and ensure compliance with evolving business needs.
Key Objectives:
Contract Negotiation & Standardization:
Negotiate new service agreements for over 200 point-to-point circuits (lit & dark fiber, Ethernet, voice) nearing or past expiration, establishing flat-rate pricing based on service, region, and site size.
Standardize pricing for over 400 cable modems, FIOS, and TV services to simplify budget creation.
Review and renegotiate master service agreements for voice, data, and video services older than three years to ensure compliance and optimize terms.
Vendor & Route Diversity:
Maintain business continuity through route and vendor diversity in all new and renegotiated agreements.
Cellular Service Optimization:
Review cellular carrier master service agreements to ensure NYULH receives optimal value across all three major carriers.
Stakeholder Alignment & Requirement Gathering:
Collaborate closely with NYULH stakeholders to understand evolving bandwidth requirements, project deadlines, and operational challenges.
Work with NYU Real Estate and FGP administration to review site lease termination dates and disposition to determine renewal terms.
Cost Reduction & Billing Accuracy:
Reduce or eliminate costs associated with billing inaccuracies and contract discrepancies.
Conduct regular audits of billing statements and vendor agreements to identify overcharges and potential savings.
Financial Impact Measurement & Reporting:
Quantify the financial impact of optimization efforts, demonstrating a clear Return on Investment (ROI).
Provide monthly reports detailing year-to-date cost avoidances and monthly/annualized recurring cost savings. Anticipated Financial Impact:
Circuit Optimization:
Achieve a 12% to 20% reduction in monthly costs and establish fixed-rate pricing for all circuits, including the 200+ circuits up for renewal.
Standardized video and cable modem pricing will further contribute to cost savings.
Estimated annualized OPEX savings of $350,000 across multiple vendors.
Cellular Service Optimization:
Achieve a 12% to 20% reduction in monthly recurring costs and fixed-rate pricing for cellular services and devices.
The goal of an additional $250,000 in annualized OPEX savings.

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