4 Master Checklist for Contract Review and Management.

claudiahrosenbaumau

4 Master Checklist for Contract Review and Management.

4 MASTER CHECKLIST

FOR CONTRACT REVIEW

AND MANAGEMENT

MEASURE

MANAGE

WHEN IT COMES TO AN ORGANIZATION’S CORPORATE

AGREEMENTS LEGAL TEAMS MUST BE SURE TO EXAMINE

DIFFERENT CONTRACTS, AND CONTRACT TYPES, THROUGH

DISTINCT LENSES AS THE INFORMATION IN EACH IS LIKELY

PERTINENT TO A VARIETY OF STAKEHOLDERS, AND REQUIRES

UNIQUE FREQUENCY OF EXAMINATION BASED ON ITS

CONTENTS.

THIS CHECKLIST OUTLINES IMPORTANT ASPECTS AND BEST

PRACTICES FOR A SUCCESSFUL CONTRACT MANAGEMENT

PROCESS, AND IS DESIGNED AS A TEMPLATE FOR YOUR

MANIPULATION. IT WILL GUIDE YOU THROUGH THE FOLLOWING

FOUR MAIN BUCKETS OF PROCEDURAL CONTRACT

MANAGEMENT FOR THE PURPOSE OF ESTABLISHING AN

OPTIMAL CONTRACT MANAGEMENT PROCESS IN YOUR

ORGANIZATION.


PLANNING & PREPARATION

The first section of focus speaks to the planning and preparation stage. It

encompasses the pre-contract drafting/negotiation phase of contract

lifecycle management, and will outline specific steps take during this

phase to ensure success later on.

During this time your organization should plan and set up internal

policies and procedures needed to effectively manage, and avoid

administrative bottlenecks, during the next phases of the contract

management process.

PRE-CONTRACT PERIOD

Next is the pre-contract period, reviews specific steps to go through

during the post-negotiation phase of the contract. During this time you

will want to review your contracts to check for errors that could

potentially put your organization at risk, and take measures to organize

your contracts for future optimization.

CONTRACT PERIOD

This section reflects on actions to take during the contract period which

refers to the timeframe when the contract is active. During this time your

organization should take measures to fully optimize your contracts and

take measures to understand trends and opportunities with your

contracts.

POST-CONTRACT PERIOD

The final section addresses the post-contract period. This section

reviews critical steps to take with your agreements during the time

following the active contract period. It outlines items to consider when

closing out a non-renewed contract.

https://measuremanage.com.au


CONTACT US

We are your one-stop shop for handling construction projects in Australia. From

initial planning to the final contract, we provide a range of ancillary services which

enable you to complete your projects successfully. We are looking forward to

hearing from you.

Feel free to get in touch with us!

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