Last edited 24 Sep 2020

Pre-contract management

PreContractPlanning.jpg

In the construction industry, contract management is the process of managing contracts that are made as part of the delivery of a built asset. It involves the creation, analysis and execution of contracts by the parties to those contracts to ensure operational and financial performance is maximised, and risks are minimised.

Contract management can categorised into three phases:

The pre-contract phase is the preparation stage. This is when ideas start to form about the project and it is described in theoretical terms. It is also when intentions are solidified and relationships begin to take shape.

Although each scenario may be different, these are some of the typical steps that may be included in the pre-contract stage.

Once these phases are complete, there is an analysis of tenders that ideally concludes with the client awarding the project to the successful contractor based on the approved design, strategy and documentation.

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