Contract Life cycle Management, Contract Drafting, and Contract Implementation
One of the fundamentals of any project’s success is the binding agreement. It ensures the project’s delivery as planned; while managing its aspects, including scope, cost, schedule, risks opportunities, and more. Therefore, we offer you the service of Contract Management. Contract Management is the core of efficiently maintaining the management of all aspects. Those aspects are related to the project and the contractual relationships that lead to them.
The Contract Management process is for formulating contracts, implementing them, and assessing their efficiency. Contract Life cycle Management plan will ensure maximizing the financial and operational performances while all risks stay under control.
Before Implementation of the contract management, we are analyzing the information of formulating a contract properly. The contract’s information is structured and analyzed according to project’s nature and what it may need. Our contract experts evaluate your construction project. Then our experts decide the necessary contract management services, and assist you with the selection process of your potential contractual partner.
After Contract Life cycle Management comes Contract Drafting. Contract Drafting is to identify the contractual relationships, making sure ending it successfully with little to no disturbances or conflicts. After Contract Drafting comes Contract Implementation. During Contract Implementation we are assessing and monitoring the performance of the contract. We are monitoring it in order to ensure it includes all the perspectives and measures that a successful project need.
During Contract Management, it is important to put other aspects into consideration too such as Resource Allocation. Resource allocation shows us how most of the processes of project management helps through interlocking to serve one another. It ensures us that we met our sole purpose; meaning the project is overall successful, within its budget and scheduled timeline.
Our Consultants formulate each contract according to its project’s conditions, the firm’s corporates and functional strategies. Therefore, we are prepared to always provide you with the required flexibility needed to handle your project. We will tailor the contract according to its nature and requirements, establish a contract that would be realistic and cost-effective :
Pearls Team also take into consideration aspects such as the contracts’ outcome, alternatives of existing contracts or other proposed ones. We analyze risks involved with the project and their furthest extent, sudden changes in project’s plan or requirements. And the analyzing process not only limited to timescale set during scheduling. It is important studying all these factors and techniques well before formulation and then further tested during implementation.