Contract Owner Vs Contract Manager In Orange
Description
Form popularity
FAQ
Responsible for administering and managing contracts, contract managers spearhead the process by which contracts are consolidated and created. They also work with the rest of the company to ensure contracts move quickly and smoothly from creation to negotiation to execution.
In any Engineering and Construction project, the roles of both the project manager and the contracts manager are crucial. While the project manager focuses on overseeing the actual construction process, the contracts manager plays a pivotal role in managing the legal and financial aspects of the project.
For example, some employers may refer to a Contract Manager as either a Contract Specialist or a Contract Administrator.
The Contract Owner is accountable for realising the benefits/value from the contract, including managing the supplier relationship for the contract, level of risk and contract obligations.
The Contracts Manager will provide flexible but expert management support across the business, adapting to changing priorities, especially focused on: sub-contractor strategic performance management, technical support to customers, new contract mobilisation, customer account management and business project management.
A Key Distinction The contract administrator will supervise the efforts before a contract is signed. The contract manager will manage the process after a contract is signed, ensuring all regulations and terms are properly followed ing to the contract agreement contents (ProcurePort, 2021).
Role summary Manages low to medium risk contracts and develops procurement and contract documentation. Actively monitors contract performance and risks, and identifies appropriate strategies to achieve contract outcomes. Consults with a range of stakeholders and maintains positive and effective working relationships.
Contract management is the process of managing legally-binding agreements from initiation through to execution. Contract management activities include creation and negotiation, execution, compliance monitoring and renewal or close out.
For example, some employers may refer to a Contract Manager as either a Contract Specialist or a Contract Administrator.
