To identify, use and manage different types of contracts. To develop specifications and terms and conditions for the procurement of goods and/or services and to manage the costs of the contract. To gather data and analyse feedback to monitor performance of the contract.
How to implement contract management activities Step 1: Transition activities, if any. Step 2: Review the draft contract management plan. Step 3: Review the contract's budget. Step 4: Resources to support contract management. Step 5: Finalise and implement the contract management plan.
As an FM contract manager, you are responsible for planning, negotiating, executing, and monitoring contracts that cover various aspects of facility operations and maintenance. But how can you advance in your FM contract management career and achieve your professional goals? Here are some tips to help you succeed.
What are the 4 pillars of facility management? People. The first pillar of facility management is People. Processes. The second pillar of facility management is Processes. Building. Technology. Improved space management. Better asset management. Make your facilities sustainable. Conquer risk management.
Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
Exploring the key stages of the contract management lifecycle Stage 1: Contract Initiation. Stage 2: Contract Creation and Negotiation. Stage 3: Contract Approval. Stage 4: Contract Execution. Stage 5: Contract Monitoring and Management. Stage 6: Contract Renewal or Termination.
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.