Contract Management.pdf

Suitably qualified staff or consultants are involved

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suitably qualified staff or consultants are involved in the RIR Works engineer’s report that timely construction of acceptable standard has been completed Contract Management - Prof. Neeraj kataria
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Change Management Includes avoiding unnecessary changes as well as incorporating necessary changes into contract It is important to ensure necessary that prior approval is obtained including a no objection from the customer if the value of cumulative change exceeds 15% of contract value Contract Management - Prof. Neeraj kataria
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Remedies seek legal advice determine if liquidated damages should apply in accordance with contract Termination Negotiation Mediation / Conciliations Arbitration Adjudication Dispute Resolution Contract Management - Prof. Neeraj kataria
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Financial Management and Payments Payments need to be made in line with the contract terms (normally within 30 days of submission of a valid invoice) It is important to maintain an expected payment schedule as part of the Contract Monitoring Register to ensure that there is sufficient liquidity in the Special Account or to promptly process request for direct payment Delayed payments negatively affect the cost of future contracts where delayed payments are a regular feature, suppliers & contractors build in margins to cover anticipated delays in payment or refuse to tender Contract Management - Prof. Neeraj kataria
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Performance Securities Where required security amount should be provided by the supplier/contractor in a timely manner. These should be returned within 30 days of final acceptance (contract completion as per contract terms), including any warranty or maintenance period Contract Management - Prof. Neeraj kataria
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Contract Completion All products/ services have been provided Documentatio n in the contract file shows receipt & formal acceptance of all contract terms There are no claims or investigations pending Any property provided by the Project is returned & discrepancies resolved All actions regarding contract amendments have been attended to All sub-contracting issues have been attended to Warranty matters are resolved and defect period elapsed Any necessary audit has been satisfactorily finalised The final invoice has been submitted & paid Procurement Staff with necessary technical support should verify: Contract Management - Prof. Neeraj kataria
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Contract Management through hi-tech ERP Contract Management - Prof. Neeraj kataria
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Do you know how many of your contracts are going to expire soon? Contract Management - Prof. Neeraj kataria
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Expiring Contracts (next 60 days) 3 2 1 1 0 1 2 3 4 Lease Agreements Distribution Logistic Services Landscaping Contract Management - Prof. Neeraj kataria
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Do you have a report showing value of all your contracts? Contract Management - Prof. Neeraj kataria
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Contract Value Building Lease $300,000 Equipment Lease $450,000 Distribution $150,000 Advertisement $85,000 Consulting $120,000 Technical Support $30,000 Contract Management - Prof. Neeraj kataria
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Do you know of all key events in your contracts, e.g. an upcoming price increase?
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  • Fall '19
  • CONTRACT MANAGEMENT, Prof. Neeraj Kataria

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