Saturday, October 31, 2020

WHAT IS CONTRACT MANAGEMENT?

 

BGRIP Contract Management facilitates the management and administration of construction contracts, from incidental advice to structural support. Contract management is the process whereby:


ANALYSIS


Before concluding contracts, the obligations, risks and liabilities are analyzed and these are aligned as optimally as possible and in a responsible manner for you, both upstream to your Client, and horizontally to partners and also downstream to the subcontractors or suppliers.


 


 

CHECK


After the conclusion of a contract, it is ensured that obligations are fulfilled on time and correctly and that changes to the contract are clearly recorded, managed, monitored and agreed;


ENFORCE


Disputes in accordance with the procedures from the contract are settled on the basis of a carefully constructed file with the aim of achieving the best possible result for you as a contractor


WHY IS CONTRACT MANAGEMENT NECESSARY?


Today, a tender or project manager is confronted with many new areas of knowledge when managing a tender or a project in progress, such as system engineering, BIM, sustainability, environment, permits, but also contracts. It is not self-evident that a tender or project manager has this knowledge ready himself. Hence, it becomes necessary to be supported by specialists. The same applies in the field of contract management. In recent years, the relationship with the client has become much more business-like, and the lawfulness of payments requires a careful file.


Modern contract forms such as UAV-gc 2005 and DBFMO contracts have also been introduced, whereby the responsibility for the contractor has increased. For that reason alone, expertise is indispensable for you as a contractor for every project, from the tender phase to completion of the contract.


But it is not only in your interest as a contractor. Unfortunately, your clients often see contract managers as claim managers. But your clients also benefit from good contract management from their (main) contractor. The management of compliance with the obligations entered into by you is an assurance from the client that he will also receive what he has asked for. A good contractual grip on your obligations towards your client reduces the risk of default.


WHAT DOES CONTRACT MANAGEMENT MEAN TO YOU?


Professional contract management ensures that your contractual legal position as a contractor is maximally monitored, utilized and, where possible, improved, resulting in profit maximization and limitation of failure costs. Contract management is a tool to have and keep a grip on the result.


WHAT IS CONTRACT MANAGEMENT?

  BGRIP Contract Management facilitates the management and administration of construction contracts, from incidental advice to structural su...