CONTRACTING FOR PROJECT MANAGERS<br />Presented By <br />Kamran Khan<br />25th April 2011<br />Shri Ramdeobaba College Of Engineering & Management , Nagpur<br />
CONTRACT ADMIN AND ITS ROLE IN PROJECT MANAGEMENT<br />Contract administration is the management of contracts made with customers, vendors, partners, or employees.<br />Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes that may arise during its implementation or execution.<br />It can be summarized as the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk.<br />
PROJECT PROCUREMENT CYCLE<br />Identifying the needs-demand from members, comprehensive performance, failure of project etcetera.<br />Developing the business case-provides the basis for managing the delivery of the project on time, within budget and to agreed quality standards and<br />Strategic fit<br />Options<br />Achievability<br />Value for money<br />Affordability<br />
TYPES OF CONTRACT IN VARIOUS SITUATION<br /><ul><li>BUSINESS CONTRACT :</li></ul> A Contract /Business Contract is an Agreement Between Two Or More Parties In Writing To Describe “DO’S & DONT’S” In The Given Projected Work. <br /><ul><li> It Is Enforceable By Law.