Construction Contract Management Guidelines and Administration

Contract plays a vital role in every project. It is becoming an integral part of a project management and business in general. Companies are facing increasing pressure to save cost and improve operational performance. The contractual issues arising from non-compliance with the rules and regulations can be attributed to general lack of knowledge with regards to proper contract administration in managing the project. Proper guidance is required to ensure adherence to the laws, as well as avoiding contract dispute leading to arbitration. The contract management guide will allow project contract managers/commercial managers to clearly understand the requirements of project management and enable them to manage the contract more effectively and efficiently. This will include best practices for contract administration.