Contract Management is the process that enables both parties to a contract to meet their obligations in order to deliver the objective of the contract.
It involves building a good working relationship between our client and contractor and it must continue through the life of the contract and involves management proactively dealing with issues that could affect the contract as well as reacting to issues as they arise.
The terms of the contract must then be developed to achieve your aims but also being conscious of the market that you are intending to contract with. The contract will need to be acceptable to both parties to be successful.
"A contract is there to protect both the client and the contractor and should not be seen as a stick to punish, but to be a tool that delivers a satisfactory project for both parties."
Paul Wyle MRICs
Building Surveyors have expertise in project and contract management typically reporting directly to the Project Manager providing advice and guidance through all phases of major projects.
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Preparing tender and contract documents
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Advising the most suitable contract to employ
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Performing risk management
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Controlling costs and value management
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Advising on procurement strategy
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Preparing and analysing costs for tenders
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Allocating work to subcontractors
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Providing support of contractual claims
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Analysing outcomes
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Providing progress reports
Effective contract management can ultimately create a powerful business relationship and pave the road to greater profitability over the long term, but only when managed correctly.
When a contract management strategy is successfully implemented, organizations can expect to see:
FINANCIAL BENEFIT
The expected business benefits and financial returns are being realised
COOPERATION
The supplier is cooperative and responsive to the organization's needs
NO SURPRISES
The organization encounters no contract disputes or surprises
BOTH PARTIES HAPPY