Effective contract management builds healthy partnerships which produces successful results, we can help you avoid the pitfalls of poor or inadequate contract management.
Contract management involves the managing of a contractual relationship from cradle to crave and includes such activities as performance monitoring, deliverable tracking, conflict resolution, relationship management and contract close-out. Proper contract management ensures your business is getting the best value and the vendor is meeting the contractual requirements of the contract. This process is often overlooked by many organizations which often leads to disputes and failed relationships.
Establishing a framework is a fundamental key to successful contract management. This framework includes the building and maintaining of key contract trackers. HGT and its partners can help build the framework for successful contract management. The three key frameworks we can build and develop for your organization:
- Contract Management Framework
- Communication Framework
- Relationship Framework