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Contract Design & Structure

A Contract sets the foundation for management and delivery of services/works and relationship with suppliers, including governance arrangements and shared approach for managing risk.

Our team of cross functional consultants helps put together a framework for a procurement contract based on pricing and the contract strategy that best meets the project objectives. The various types offer different ways of handling pricing, risk transfer, responsibility for performance, cost certainty, and complexity.

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Contract management is the process which ensures that both parties to a contract fully meet their respective obligations as efficiently and effectively as possible, in order to meet the business and operational objectives required from the contract and in particular to provide value for money.

The foundations for contract management are laid in the stages before contract award, including the procurement process. These formal contract aspects form the framework around which a good relationship can grow. If the contract was poorly constructed, it will be much more difficult to make the relationship a success. Contract management activities can be divided into three areas: service delivery management, relationship management and contract administration.

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