Contract management is an important task for any organization, transitioning from an agreement on commercial terms with another party to a signed contract demands specialized knowledge, if not managed properly, the deal may take months if not years to be finalized.
Here at Rakiza, our contractual team can help you expedite the time requirements for agreement in principle to a signed contract, decrease contract risks, and ensure our client gets the best terms of a deal.
We provide the solution to streamline contract writing, processing, and execution that allows businesses to meet legal and regulatory requirements with ease, and helps manage their contracts more effectively, ensuring compliance with regulatory requirements while conducting risk analysis through working directly with the concerned departments.
Our Contracts Management services includes but not limited to
- Scope of Work Creation and review.
- Contract Creation, Negotiation, Monitoring and Terminations
- Tender and RFP preparation and publishing
- Invention of Contract cycle and archive.
- Contracts Management policy and procedure creation and review.
Stages of our Contract Management lifecycle
- Pre-contractual:
- Contractual and financial risk analysis
- Audit of tendering documents/bidding files
- Contract management training of the project team (project managers, buyers, legal advisors, controllers)
- Introduction of new contract management approaches/methods
- Contractual assistance to the client’s teams for writing and checking contractual documents.
- Defense strategy against overpayment
- Post-contractual:
- Writing of contractual letters, claims, and contract variations
- Assistance with costs and quantity control
- Contract close-out:
- Settlement of the final account
- Assistance in dispute resolution
- Assistance to lawyers in compiling supporting arbitration files.
- Commercial settlement strategies and negotiations