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Effective Contract Management
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Book Synopsis Enterprise Contract Management by : Anuj Saxena
Download or read book Enterprise Contract Management written by Anuj Saxena and published by J. Ross Publishing. This book was released on 2008-02-15 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization, increased economic and geopolitical uncertainty, technological advancements, and a rise in the number of regulations and legislations have led to a significant rise in the importance, volume, and complexity of modern contractual agreements. Yet, in spite of these profound changes, many organizations still manage the contracting process in a fragmented, manual, and ad-hoc manner, resulting in poor contract visibility, ineffective monitoring and management of contract compliance, and inadequate analysis of contract performance. The net effect of this has been a heightened interest in re-engineering and automation of Enterprise Contract Management (ECM) processes across industry sectors and geographies. Enterprise Contract Management: A Practical Guide to Successfully Implementing an ECM Solution addresses all the questions surrounding ECM, ECM solutions, and the project management, change management, and risk management considerations to ensure its successful implementation. This concise text will help your organization manage the challenges of the contract life cycle and the key success factors and pitfalls in a typical ECM solution. It is a must read for corporate executives, buyers, procurement and strategic sourcing specialists, contract administrators and procurement managers. There is currently no other book available on ECM solutions. All existing books on contract management focus on the legal aspects of contracts, but none describe the functions, features, capabilities of technology solutions that support ECM, nor do they explain the key considerations for ensuring a successful ECM solution implementation.
Book Synopsis Successful Contract Administration by : Charles W. Cook
Download or read book Successful Contract Administration written by Charles W. Cook and published by Routledge. This book was released on 2014-11-27 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Contract Management and Administration for Contract and Project Management Professionals by : Joseph Corey
Download or read book Contract Management and Administration for Contract and Project Management Professionals written by Joseph Corey and published by . This book was released on 2021-08-04 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Effective Contract Management by : Andre Naude
Download or read book Effective Contract Management written by Andre Naude and published by Independently Published. This book was released on 2018-10-07 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Contract Management Body of Knowledge, Sixth Edition by : National Contract Management Association
Download or read book Contract Management Body of Knowledge, Sixth Edition written by National Contract Management Association and published by . This book was released on 2019-07-20 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contract Management by : Alain Brunet
Download or read book Contract Management written by Alain Brunet and published by Springer Nature. This book was released on 2021-07-30 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Supply Chain Contract Management by : Marcel Sieke
Download or read book Supply Chain Contract Management written by Marcel Sieke and published by Springer. This book was released on 2019-03-20 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the design of contracts in supply chains has received significant attention from researchers and practitioners. Companies try to improve their profits by designing efficient contracts that ensure a high availability of the product at a low cost. In this book the author presents a quantitative approach for designing optimal supply chain contracts. Firstly, service level contracts, which are frequently used between a supplier and a manufacturer, are analyzed. For this contract type, optimal contract parameter combinations are identified that lead to a coordinated supply chain. Secondly, an optimal contract selection strategy is developed for a supply chain where a manufacturer can choose among multiple potential buyers. Potential readership includes scholars of supply chain management and management science, graduate students interested in these areas as well as interested practitioners involved in negotiating contracts.
Book Synopsis Emerging Applications in Supply Chains for Sustainable Business Development by : Kumar, M. Vijaya
Download or read book Emerging Applications in Supply Chains for Sustainable Business Development written by Kumar, M. Vijaya and published by IGI Global. This book was released on 2018-09-07 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: The application of sustainability practices at the system level begins with the supply chain. In the business realm, incorporating such practices allows organizations to redesign their operations more effectively. Emerging Applications in Supply Chains for Sustainable Business Development is a pivotal reference source that provides vital research on the models, strategies, and analyses that are essential for developing and managing a sustainable supply chain. While highlighting topics such as agile manufacturing and the world food crisis, this publication is ideally designed for business managers, academicians, business practitioners, researchers, academicians, and students seeking current research on sustainable supply chain management.
Author :International Association for Contract and Commercial Management Publisher :Van Haren ISBN 13 :9087537123 Total Pages :272 pages Book Rating :4.0/5 (875 download)
Book Synopsis Fundamentals of Contract and Commercial Management by : International Association for Contract and Commercial Management
Download or read book Fundamentals of Contract and Commercial Management written by International Association for Contract and Commercial Management and published by Van Haren. This book was released on 2013-09-23 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking title from the world’s leading authority on contemporary contracting best practices, the IACCM (International Association for Contract and Commercial Management) delivers a lively and practical complete insight into the contracting process which is useful in both business and personal life. Contracts are the language of business, and this book gives readers the essentials that can make a difference to any deal, no matter how big or small. Designed for the non-contract business professional, this book takes project managers and other professionals through the basic process and gives them a road map to improved results, increased value, and successful outcomes In this book you’ll find sensible guidance and approaches to ensure business success. Case studies showing you what can go wrong – and what can go right -- bring theory into the real world. Checklists give confidence and enable you to be certain that you have asked and answered the right questions as you go through any deal. This real-world approach demonstrates the value of effective contracting. This is not dry, academic prose. It is compelling and dynamic advice and tools to manage business relationships for both buyers and sellers.
Book Synopsis Practical Contract Management by : Ray Carter
Download or read book Practical Contract Management written by Ray Carter and published by . This book was released on 2012 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contract and Risk Management for Supply Chain Management Professionals by : X. Paul Humbert
Download or read book Contract and Risk Management for Supply Chain Management Professionals written by X. Paul Humbert and published by . This book was released on 2014-01-19 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: What Will This Book Do for You? This book provides a survival manual for anyone involved in the crafting, structuring, negotiating, supporting or managing contracts involving commercial transactions of goods, services or both. It blends the practical with general legal principles and highlights best practices for supply chain professionals and anyone else involved, directly or indirectly, with the generation or management of contracts from cradle-to-grave. Even commercially wise and sophisticated organizations can be untrained and unaware of certain gaps and traps in the management of their contracts. This book addresses those pitfalls and provides lessons learned and guidance that are not typically taught at the college or even graduate school level. Experience can be hard and expensive to come by and this book provides a concentrated dose of experience that immediately raises the reader's level of sophistication and awareness for gaps and traps while providing practical solutions to pitfalls that can haunt any organization. Left unchecked, these pitfalls can lead to dysfunction and confusion; both of which can be an expensive proposition in today's competitive and uncertain economic environment. Who Should Use this Book? Supply Chain Management Professionals, Risk Managers, Insurance Experts, Project Managers, Purchasing Agents, Contract Administrators, Executives and any business or technical professionals who are involved with developing, managing or implementing projects, purchases or any complex transaction or procurement where cost, schedule and scope certainty are important. What Does This Book Cover? This book covers how the relationship of the parties affects commercial transactions and addresses the importance of upholding the integrity of the process and the contract by understanding key supply chain best practices. The book focuses on contracting strategies and approaches including how to structure requests for proposals and instructions to bidders as well as key considerations in pricing and pricing adjustments, risk management tools and techniques, the importance of defining the deliverables and outcomes, negotiation strategies and techniques, negotiating warranties and remedies, applying leadership and influencing skills to the process, how to implement sound change management as well as capturing and applying past lessons learned. In addition, special attention is given to the importance of sound "kick off" and "close out", including termination for cause or convenience techniques and other best practices.
Book Synopsis Effective Contract Management by : Mike Dutfield
Download or read book Effective Contract Management written by Mike Dutfield and published by . This book was released on 1993-01-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Association for Contract and Commercial Management(IACCM) Publisher :Van Haren ISBN 13 :9087536283 Total Pages :657 pages Book Rating :4.0/5 (875 download)
Book Synopsis Contract and Commercial Management - The Operational Guide by : International Association for Contract and Commercial Management(IACCM)
Download or read book Contract and Commercial Management - The Operational Guide written by International Association for Contract and Commercial Management(IACCM) and published by Van Haren. This book was released on 2011-11-11 with total page 657 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Contracting for Project Management by : J. Rodney Turner
Download or read book Contracting for Project Management written by J. Rodney Turner and published by Taylor & Francis. This book was released on 2017-07-05 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: In all but the smallest of projects the project sponsor inevitably has to buy-in the services of other suppliers. Goods and services must be bought, and this requires people to make contracts so that they know the basis on which they are working with each.
Book Synopsis Contract Management by : Peter Sammons
Download or read book Contract Management written by Peter Sammons and published by Kogan Page Publishers. This book was released on 2017-07-03 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contract management is a key management skill, yet it is underplayed in most organizations, which usually default to project management skills as a proxy for contract management skills. Whilst project management skills are equally essential, they are not the same thing. Contract Management looks at the wider contract management picture from an industrial-commercial perspective, and helps set-out typical structures and processes that assist the contract management task. The author uses diagramatic representations to depict complex ideas. Contract Management includes "learning points" in each chapter, looking at handling problems, procedural changes and enhancing commercial performance.
Book Synopsis Contract Management Success by : Khalid Mohamed
Download or read book Contract Management Success written by Khalid Mohamed and published by LinCademy. This book was released on 2023-12-12 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis World-class Contracting by : Gregory A. Garrett
Download or read book World-class Contracting written by Gregory A. Garrett and published by . This book was released on 1997 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: [This outsourcing] guide [is] supplemented with numerous process diagrams, best practices, sample forms, tools, and techniques that the practitioner will find relevant and valuable.... Companies and organizations worldwide have stepped up their contracting for goods and services with the intent of focusing more on their core business and allowing suppliers and vendors to do the other work. The marketplace is booming, and only those with a solid understanding of contract management will achieve ultimate success. -Back cover. Because contract management is first and foremost about building and maintaining successful business relationships, readers of [this book] will learn how to build such relationships by using proven contract management processes, tools, techniques, and documented best practices in contract management for both buyers and sellers. The book was written for business professionals involved in buying or selling products and services. This includes sales managers, contract managers, purchasing managers, financial managers, proposal managers, engineers, lawyers, project managers, mid-level business managers, executives, and other business professionals.... -Introd.
