About Lesson
Contract Management
2.1. Contract Negotiation
- Objective Setting: Define clear objectives for the negotiation process, including scope, cost, and schedule expectations.
- Stakeholder Involvement: Engage relevant stakeholders to ensure that all requirements and concerns are addressed.
- Flexibility and Compromise: Be prepared to negotiate terms and find mutually acceptable solutions.
2.2. Contract Administration
- Documentation: Maintain comprehensive records of all contract-related documents, including amendments, correspondence, and reports.
- Compliance Monitoring: Ensure that all parties adhere to the terms and conditions of the contract.
- Change Management: Implement processes for managing changes to the contract, including formal change orders and adjustments to scope, cost, or schedule.
2.3. Dispute Resolution
- Identification of Disputes: Recognize and document disputes as they arise.
- Resolution Mechanisms: Utilize mechanisms such as negotiation, mediation, or arbitration to resolve disputes.
- Contract Clauses: Include dispute resolution clauses in the contract to outline procedures and responsibilities.