Contract Management
Business relationships thrive on contracts and mutual understanding between relevant parties making its management, a task of utmost priority. The complexity of a contract, ongoing amendments, sheer number of it render the task challenging. Contract Management refers to creating a contract, its execution, and its analysis to ensure maximum operational and financial performance while reducing business risk. It involves negotiation of terms & conditions, analysis of compliances, documentation and agreement on changes, implementation, and execution. It allows efficient management of contractual obligations, proactive anticipation of future needs following relevant reactions to it, effective avoidance of inaccuracies and non-compliances ensuring no loss in topline revenues. Thus, it is a strategic weapon that helps to improve company’s financial health and optimize its contract performance.
Company of every size and shape can increase control, effectivity, efficiency, profits and prevent losses and disputes via effective contract management.
Benefits Of Contract Management
- Ensuring that contractual obligations are met by involved parties
- Elimination of any potential breach of contract
- Improving adherence to objectives stated by the contract
- A well-documents retail of audit is provided
- Improvement in quality
- Improvement in customer-focus
- Ensuring better and more favorable outcomes
- Achievement of more financial control and value for money
- Less risk
- Clarifies and detailed responsibilities if managers, contractors, and end users
- Early identification of poor performance and its resolution is provided
- Contract changes or any variations can be easily identified
- Evaluation and analysis of specifications against the contract performance
How We Help You !
KS Infra provides a highly trained team of individuals providing services in engineering, procurement, construction, and supervision throughout the Contract Management cycle of the infrastructure project to ensure an optimal result.
Our services include support in
- Drafting
- Approval
- Execution
- Compliances
- Amendment
- Renewal
- Close-out of the Contract
Our specialists are expert in FIDIC and CPWD, MES, BRO, NHAI based contracts, who review the contract documents, analyze them, and prepare contractual Dos and Don’ts to be followed during your contract execution. These include
- Preparing letter for extension of time
- identifying all claim events arising out of scope and quantity change
- identifying site conditions differing materially from contract data
- checking employer’s delay in site hand-over
- drawing approval & payment
- checking interruption and suspension of work by the employer,
- checking disruption of work due to force majeure occurrences
- termination of contract
- identifying any inexcusable delay on your part requiring attention and action
- vetting all your critical claim related communications addressed to the employer
During any dispute regarding claim statements, supporting documents provide high value so, all the major communication between parties involved are archived in a cloud based digital repository that is easily accessible and retrievable including documents supporting claim events.