Reference

Contract Management

The commercial arc, from an estimate through a tender to a contract, a claim and a payment.

Estimating Building up a price from a drawing set, and keeping the take-off with it. Tenders Receiving an invitation, pricing it, and getting a submission away. Procurement Packages, invitations, comparisons, and awarding the work. Contract execution and e-sign Getting an awarded package signed, in order, without leaving Teralo. Contracts The contract register, its value, and everything hanging off it. The contract budget Budget lines, commitments, and what is left to spend. Progress claims Claiming work done, assessing a claim, and certifying payment. Variations Raising a change, pricing it, and getting it into the contract sum. Cashflow What is due in and out, month by month, across the organisation.