Effective Contract Management
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Effective Contract Management
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Author : Andre Naude
language : en
Publisher: Independently Published
Release Date : 2018-10-07
Effective Contract Management written by Andre Naude and has been published by Independently Published this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-07 with Architecture categories.
The purpose of this work is to create a simple guide to effective contract management for the contractor and sub-contractor who simply do not have the expertise on board to ensure that contracts are effectively managed. It may also be used as a check of all the items to be considered by contract managers who have the expertise when carrying out their tasks. Without "legal speak", it seeks to guide the contractor and subcontractor through the considerations and steps necessary to successfully deliver a project and in the process avoid potential conflict. Furthermore, it will guide the Contractor on the actions required to ensure that the correct processes are implemented to protect the Contractor should any dispute arise that may or may not be the fault of the Contractor.All contracts commence with the best of intentions, but unfortunately it is becoming increasingly common for contracts to go awry and the Contractor will need to ensure that all changes to the contract are properly addressed and that the correct processes as stipulated in the contract are implemented.Impeccable record keeping will ensure effective contracts management and is the best defence against any potential claims that may occur due to disputes which arise when the project is not delivered as originally envisaged. These records will enable a professional to successfully prepare the required claim and defence when and if the need arises. There is no intention in this guide to focus on any specific form of contract, legal opinion or clauses within contracts but rather to guide the contractor in the effective management of the contract. What is set out in the following chapters are the fundamentals of contract management in a simple format which is easy to follow for the successful delivery of a project. It will be of paramount importance that the required processes are implemented from the very beginning of the project and continuously updated and maintained until the Final Certificate of Completion has been obtained and that the full payment dues have been received. This guide will also ensure that the contractor acquires an understanding of contract obligations and the implementation of the processes necessary for a successful project delivery.
Contract Management And Administration For Contract And Project Management Professionals
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Author : Joseph Corey
language : en
Publisher:
Release Date : 2021-08-04
Contract Management And Administration For Contract And Project Management Professionals written by Joseph Corey and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-04 with categories.
The Expanded, Enhanced, and Updated (810 Pages, 2 Volumes) Second Edition of the Must Have Information and Reference Book Designed to Guide Contract and Project Management Professionals to More-Effectively Plan, Prepare, Manage, and Administer RFPs and Contracts and Manage Contractors. - This Book provides discussions of the Legal Basics of Contracts and Contracting and the Theories, Principles, and Strategies of Contracting and Contract Management and Administration and introduces, describes, and discusses the author's unique and breakthrough concept of the Ten Stages of the Contracting Process which is a practical breakdown of the Contracting Process into Ten Interdependent Stages from planning and structuring the Request for Proposal (RFP) to Contract Close Out, Post Contract Requirements, Evaluating the Contract Documents, and Evaluating the Performance of Each Party. The Ten Stages of the Contracting Process provides Contract and Project Management personnel with a structured process to more efficiently and effectively plan, prepare, negotiate, manage, control, and evaluate RFPs and Contracts and manage and administer contracts and manage contractors resulting in well-prepared and well-managed RFPs, Contracts, and Contractors resulting in Successful Contracts and Projects. - This Book Includes - 1) Comprehensive Discussions of Contract Types/Forms, Applications, and Risks; 2) Examples of Check Lists, Forms, Formats, and Agendas used to Plan, Prepare, Manage, Administer, and Evaluate RFPs, Contracts, and Owner and Contractor Performance; 3) Examples of Practical Applications, Best Practices, Analytical Evaluations, and Lessons Learned; 4) Examples of Terms and Conditions and Definitions used in Contracts; - This Book Discusses - 1) The Integration of the Ten Stages of Contract Management with the Six Phases of Project Management and the Seven Phases of Engineering; 2) Contract Cost and Schedule Estimate Risks Based on Scope and Engineering Development; 3) Structuring the Correct Contract Type/Form Based on Scope and Engineering Development; 4) Structuring Contracts for Engineering Services with Example Formats, Agendas, and Terms; 5) Benefits and Pitfalls of Target Cost Contracts and Cost Reimbursable Contracts; 6) Pitfalls of Negotiating a Contract with a Sole or Single Source or Preferred Contractor; 7) Pitfalls of Proceeding with the Contract Work with Insufficient Engineering Documents; 8) Candid Discussions and Examples of How to Structure Effective Contract Incentives and Damages; 9) Warranties and Remedies Applicable to Contracts, Contract Work, and Completed Projects and Items; 10) Claims and the Claims Avoidance, Prevention, Management, Mitigation, and Analyses Processes; 11) Risk Management and Organizational and Human Performance Evaluation and Improvement Programs; 12) Examples of Successful and Not So Successful Contracting Situations; 13) The History of Westinghouse Electric Corporation and Westinghouse Electric Company, LLC, with Significant Contracting Lessons Learned Which Caused the Demise of Westinghouse Electric Corporation and the Bankruptcy of Westinghouse Electric Company, LLC; 14) The History of U.S. Nuclear Technology Development; the Development of Commercial Nuclear Power Plants; and Applicable Contracts and Projects Problems and Lessons Learned with Emphasis on Organizational and Human Performance Improvement Programs. The focus of this book is to improve the Contract Management skills of Project and Contract Managers, Contract Administrators, Project Engineers, Project Controls Managers, and other personnel involved in planning and executing projects requiring large, complex contracts for services, materials, and the design and fabrication of specially engineered components. The concepts, principles, strategies, and formats covered in this book are applicable to developing and managing all types of major contracts and both private and public contracts.
Contract Management
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Author : Alain Brunet
language : en
Publisher: Springer Nature
Release Date : 2021-07-30
Contract Management written by Alain Brunet and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-30 with Law categories.
This book presents the latest findings relating to behavioral economics and the digital tools applied to contract management. There has been a decisive change in the role of contracts in the past decade, with contracts being transformed from purely legal necessities designed to protect against worst-case scenarios into tools for optimizing ongoing and mutually profitable business relationships with customers. There is an increasing emphasis on tight contracts, where time-risk and additional costs are passed on to the prime contractor, who may suffer heavy penalties in the event of non-performance. Contracts shape the behavior of the parties involved and as such have a major impact on project success. The contract manager’s goals are to protect the interests of the company and its shareholders by minimizing the company’s financial and contractual liabilities and to maximize its profitability while ensuring end-user satisfaction. The contract is usually written before the design is fully developed, and there is often a mismatch between contractual specifications and what the customer actually wants. Good contract management entails preserving the rights of the contractor by ensuring all parties respect their contractual obligations; providing advice to the project managers and engineering team; preparing profitable amendments to contracts or change requests; maintaining good record-keeping in the event that claims arise; filing notices when necessary; and guiding the project to a profitable conclusion. Like the ancient Chinese game of Go, moves made early in the game (notification of events) can shape the nature of a potential conflict one hundred moves later (arbitration threat). Contract management can also smooth the relationship between partners, allowing well-balanced “don’t-trade-a-dollar-for-a-penny” contracts to be managed through an established process rather than as sporadic events (we cannot claim to be in control of our business if we are not in control of the contracts on which it depends). Managing a contract with a mix of incomplete manuals, fragmented information, and poor planning can drive companies to “reinvent the wheel.” Contract management promotes a three-phase sequence to streamline information flows across the contract lifecycle, from the bid phase to performance, project closeout, and final payments.
Effective Contract Management
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Author : S. Shaljean-Tilley
language : en
Publisher:
Release Date : 2005-09-01
Effective Contract Management written by S. Shaljean-Tilley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-01 with Business & Economics categories.
Contract Management Success
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Author : Khalid Mohamed
language : en
Publisher: LinCademy
Release Date : 2023-12-12
Contract Management Success written by Khalid Mohamed and has been published by LinCademy this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-12 with Law categories.
Unlock the secrets of "Contract Management Success"! Revolutionize how you handle contracts with this transformative guide, a manual for an animated video-based course and an integral part of our HR 9-Book series entitled "Talent Management and Workforce Development.” Dive into effective management practices, legal considerations, and dynamic case studies. Elevate your contract game, whether you're an entrepreneur, business leader, or aspiring contract manager. Don't miss the chance to enhance your business relationships and pave the way for long-term success! Navigating the Complexities: Contracts are the backbone of business relationships, influencing the trajectory of success or failure. "Contract Management Success" is your comprehensive guide to mastering contract management practices. From understanding essential contract elements and legal ethics to calculating and negotiating contracts with finesse, this guide takes you on a captivating journey that includes dynamic animation case studies. Chapters: 1- Getting Started: Introduction sets the stage, outlining the guide's objectives. 2- What is Contract Management? Delve into contract management essentials, exploring types, elements, and the risks of poor management through a compelling case study. 3- Legal and Ethical Considerations: Navigate the legal landscape, covering contract law, ethical guidelines, and case studies to avoid breaches. 4- Requests for Managing Contracts: Strategize effective Request for Proposals (RFPs), calculate value, and make informed decisions using a real-world case study. 5- Contract Creation: Streamline processes with templates and software, ensuring compliance, and understanding the risks of noncompliance. 6- Contract Negotiations: Prepare strategically, prioritize terms, and maintain professionalism in negotiations, with a comprehensive case study. 7- Assessing Performance: Explore assessable performance metrics, effective measurement, and continuous improvement in contract performance, supported by a case study. 8- Nurturing Relationships: Learn about effective relationships in business, building trust, and maintaining relationships through insightful case studies. 9- Contract Amendments: Understand the intricacies of amendments, including redlines, replacing clauses, and their status, with a detailed case study. 10- Auditing Contracts: Delve into the why and how of auditing contracts, from planning to investigation, supported by a comprehensive case study. 11- Renewing Contracts: Involve stakeholders, review contracts, and make decisions on accuracy and changes, accompanied by a practical case study. 12- Wrapping Up: Summarize key takeaways, words from the wise, and outline the next steps, providing a comprehensive understanding of successful contract management. Why Choose This Guide: Whether you're an entrepreneur, business leader, or aspiring contract manager, "Contract Management Success" empowers you to elevate your contract management game. Enhance your business relationships, navigate complexities, and unlock the potential for long-term success through strategic contract mastery.
Effective Contract Management
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Author : Mike Dutfield
language : en
Publisher:
Release Date : 1993-01-01
Effective Contract Management written by Mike Dutfield and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-01-01 with categories.
Contract And Commercial Management The Operational Guide
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Author : International Association for Contract and Commercial Management(IACCM)
language : en
Publisher: Van Haren
Release Date : 2011-11-11
Contract And Commercial Management The Operational Guide written by International Association for Contract and Commercial Management(IACCM) and has been published by Van Haren this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-11 with Education categories.
Almost 80% of CEOs say that their organization must get better at managing external relationships. According to The Economist, one of the major reasons why so many relationships end in disappointment is that most organizations 'are not very good at contracting'. This ground-breaking title from leading authority IACCM (International Association for Contract and Commercial Management) represents the collective wisdom and experience of Contract, Legal and Commercial experts from some of the world s leading companies to define how to partner for performance. This practical guidance is designed to support practitioners through the contract lifecycle and to give both supply and buy perspectives, leading to a more consistent approach and language that supports greater efficiency and effectiveness. Within the five phases described in this book (Initiate, Bid, Development, Negotiate and Manage), readers will find invaluable guidance on the whole lifecycle with insights to finance, law and negotiation, together with dispute resolution, change control and risk management. This title is the official IACCM operational guidance and fully supports and aligns with the course modules for Certification.
Successful Contract Administration
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Author : Charles W. Cook
language : en
Publisher: Routledge
Release Date : 2014-11-27
Successful Contract Administration written by Charles W. Cook and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-27 with Technology & Engineering categories.
The success of every construction project begins with reading and understanding the contract. Contract Administrators and Project Managers for all parties in the construction process must realize the major impact their actions have on cost, schedule, and quality in relation to the contract terms and conditions. Written in a clear and accessible way from a Constructor’s perspective, Successful Contract Administration guides the student through the critical issues of understanding contract law and obligations for effective project execution. Through examples, exercises, and case studies, this textbook will: Improve knowledge and comprehension of key contract elements Help the student apply knowledge to real case scenarios Improve the student’s ability to analyze and create different scenarios for success Evaluate critical issues of responsibility and ethics in relation to contract administration. The text is supported by a companion website featuring additional resources for both students and instructors. Resources for the student include additional case studies, links to useful websites, video commentary and interviews for increased understanding of important chapter material, true/false sample quiz questions and a flashcard glossary to reinforce comprehension of key terms and concepts. Additional instructor material includes a testbank of questions, (including true/false, multiple choice, and sample essay questions), website links to contract documents and PowerPoint slides.
It Outsourcing Part 2 Managing The Sourcing Contract
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Author : Jane Chittenden
language : en
Publisher: Van Haren
Release Date : 1970-01-01
It Outsourcing Part 2 Managing The Sourcing Contract written by Jane Chittenden and has been published by Van Haren this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970-01-01 with Education categories.
IT Outsourcing Part 2: Managing the Sourcing Contract covers all the processes for managing the contract, from the transition phase through to normal operational service and contract termination.Developed for IT practitioners as well as commercial and contract managers, this expert guide provides practical and concise advice on best practices in: a) good contract development as the foundation for contract management (especially service quality, performance measurement and communications);b) an appropriate governance framework;c) selecting the right individuals, with appropriate authority in key roles;d) the appropriate use of external expert advice;e) continuity of people involved in the contract, right from the early stages of the RFP through transition to everyday operational service;f) effective relationship management, with mutual respect and good communications;g) a collaborative customer-driven business attitude based on mutual trust and understanding and flexibility in day-to-day administration of the contract, with willingness for a win-win approach when problems arise.This title complements IT Outsourcing Part 1: Contracting the Partner and, together, these two guides provide readers with a comprehensive best practice approach to this important business discipline.
Making Contracts Work
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Author : Beverley Honig
language : en
Publisher:
Release Date : 2011-04-05
Making Contracts Work written by Beverley Honig and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-05 with categories.
Until now, there has no book that sets out structures and strategies for sound supply contract management. This book sets out to do more than this: it aligns the science of sourcing and procuring of supplies/suppliers with the art of smart contract management. And it does so based on the author's sound knowledge of global markets and keen understanding of commercial deal-making, flanked with the legal pillars that maintain governance in an otherwise chaotic state of variation. What is also special about this book is that it recognises the challenges of mixing the science of procurement with the art of contract management and works out ways to blend the cultural divide. The book is set out in a structured way to allow managers of business areas or their own businesses to manage contracts from a holistic standpoint, understanding and planning the reasons for seeking a contract before the suppliers are selected and before negotiations take shape. Supply contract management is explained as a 4 stage process from plan - to - procure - to - manage - to - review so that all the layers of contract management can be peeled away to shape the best fit supply chain. This book shapes best practice on a global scale, and in a very real and pragmatic way, using examples and case studies for illustration. By doing so, it is both a guide, a business coach and a form of handbook for any manager - or indeed supplier - working in any part of the supply chain.