Contract Renewal On-Time Rate
Percentage of contracts renewed before their expiry date
What is Contract Renewal On-Time Rate?
Contract renewal on-time rate is the percentage of contracts renewed before they expire. It shows how well an organisation manages its contracts, avoiding gaps in coverage.
Contracts that lapse can leave the organisation without protection or service, or on worse terms.
How this KPI is measured
- Function
- Legal, Risk & Compliance
- Sub-function
- Contracts Management
- Industry
- All Industries
- Type
- Lagging
- Impact
- Risk
- Unit
- %
- Measurement frequency
- Monthly / Quarterly
- Formula
- (Contracts renewed before expiry / Total contracts due for renewal) × 100
How to calculate it
Divide contracts renewed before expiry by total contracts due for renewal, and multiply by 100.
For example, if 180 of 200 contracts due were renewed before expiry, the rate is 90%.
Maintain a contract register with expiry dates, notice periods and owners, and start renewals early enough to negotiate.
Where it is used
Avoiding lapses
Keep cover in place.
Improving negotiation
Allow time to renegotiate.
Managing legal workload
Plan ahead.
How to improve it
Tips and common mistakes
- Watch automatic renewal clauses and notice periods.
- Renew on good terms, not just on time.
- Keep a central record.
More Legal, Risk & Compliance kpi library
Build better plans, faster
Join the waitlist for early access to curated insights, flexible templates, and rapid iteration across strategy, planning, and project management.