Although management teams and union leadership are often very familiar with contract language, tying it back to operational flexibility, performance improvement, and employee morale is an incredibly complicated task. Ankura’s team, through an operational study, can examine every word of a contract and attribute a financial impact. We recommend language improvements and quantify the value of each section. We also recommend labor strategies to hire and retain great employees and this may not be possible based on current language limitations. By updating language, cost savings are possible, but is critical to understand that great language can also drive the acquisition of great employees. We have the experience to rapidly make recommendations and guide our clients through a methodology to capture real value.