Contract Management

Contract management is the process of recording and monitoring the exchange of contractual information between the different parties working on projects. This includes requests for information (RFIs), instructions, valuations, variations, early warning notifications, and other formal contractual communications and records.

For each project, you select which contract management item types to make available. Some item types, such as early warnings and valuations, may be configured with a set of user-defined questions, specific to the item type. This allows recipients to provide additional and relevant information when they respond to an item. Additionally, some items, such as variation orders and architect's instructions, may include cost items, which can be configured to update the contract value sum of a project.

You can also configure contractual items to require approval and completion by selected roles within your organization before items can be processed. This helps to ensure that all contractual information is reviewed and approved before it is acted upon.

To help you to keep track of the exchange of contractual information, a number of reporting options are available. These reports can be used to track the status of contractual items, identify any potential risks or issues, and ensure that all contractual obligations are being met.