While it is essential that companies obtain good contracts with a minimum of risk provisions, it is equally important that those contracts be effectively administered. The following guidelines can aid a company in preparing its proposals and contracts and administering operations:

• Use of the checklist in the preparation of all proposals and contracts

• Evaluation of risks by reference to the suggested contract provisions wherever appropriate

• Review by the legal department prior to submission to the client of all major proposals and contracts and of other contracts with questionable provisions

• Appropriate pricing or insuring of risks under the contract

• Improving contract administration at appropriate levels

• Periodic review and updating of the entire contract procedure including basic risk areas, administration, and so on

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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