Our Professional Team can help you with

Contract Management

Our contract management services can be provided at any point in the contract lifecycle - from contract creation to execution and analysis and even close out.

Call Us Today

Contract Management

At Procurement Co, we strive to ensure the contract management process is as pain free as possible for our clients. We will work with you to ensure your contracted goods and services are delivered in accordance with the agreed service levels, while managing risk and seeking opportunities for continuous improvement.

We understand that successful contract management improves bottom-line results for businesses. That is why we work closely with all parties involved in an agreement to monitor the relationship and enhance accountability and transparency.

How can our team assist with contact management & administration?

Savings are not only available during a procurement process and often savings identified in the procurement process can be eroded if a contract is not managed effectively. The team at Procurement Co are specialists in contract management and can assist at every stage of the contract lifecycle from, contract management planning, administration of claims and payments, through to contract suites and recovery of off-track or neglected contracts.

Our team is trained to assess each contract on its own merits to extract maximum value for our clients. This can include ensuring that contract deliverables are provided in accordance with the contract, managing claims to ensure payments and variations are consistent with the goods or services being delivered, and identifying contract wastage or changes in delivery requirements. 

Our team can assist at any time during the contract lifecycle.

Call us today to discuss your contract management needs

Procurement Co are experts in the field of procurement and contract management and have the knowledge and experience to help you.

Things to consider when choosing a contract management consultant

Does your organisation have experienced contract managers? Often, contracts are given to the business to manage from a technical delivery perspective. This can be a suitable approach and an efficient management strategy. However, commercial objects can sometimes become secondary consideration, with the primary focus being on completing the task at hand.

How complex is your contract? Contracts are developed with best intentions, however in a lot of cases this means complex commercial models and performance requirements which create a burden on resources. Using a contract management consultant can relieve internal resource constraints and ensure that commercial and performance to ensure the contract is managed to take full advantage of the provisions it contains.

What is the workload required to manage your contracts? Generally, contract management runs on a monthly cycle with reporting, claims, and payments. This can create a burden on resources at the beginning and end of each month, taking their focus off critical business activities. If this is an issue for your business, you could consider engaging a contract management consultant to smooth your resourcing requirement or outsource your contract management activities completely. 

How do I choose the right contract management consultant? What you’re looking for is a consulting organisation with experience in your industry or with the goods and services being provided under the contracts that you are responsible for. The contract management consultant should also be able to demonstrate a depth of resources to ensure that peak times such as the beginning and end of the month are adequately managed.

When would I engage a contract management consultant?

There may be several instances where you may need to engage external support to assist you with your contract management activities. It may be beneficial to engage a contract management consultant where:

  • You lack the internal resources required to effectively manage a complex contract
  • You find yourself in dispute with a supplier and third-party assistance may help to resolve a deadlock
  • Your team is struggling to keep up with claims or variation management, or it is preventing them from focusing on other core responsibilities 
  • You need advice at any point in the contract management lifecycle.
  • It may also be beneficial to engage a contract management consultant early in the procurement stage where commercial models and performance targets are being established.
Share by: