News
PRE complete a successful on budget and time CAT A Office Fit Out in Soho London
PRE were instructed by the landlord to project manage a CAT A office fit out refurbishment of a grade 2 listed period property on the corner of Argyle and Great Marlborough Street close to The London Palladium Ornate Theatre know for musical revues.Throughout the refurbishment process building regulations and environmental standards will need to be met.
PRE were kindly instructed to carry out a CAT A office refurbishment of Castle House, London, SW1 on behalf of the Landlords. There were several routes to choose from to include Project Managment (PM),
While project managers are responsible for working with cross-functional teams to closely manage new initiatives from start to finish, contract managers are responsible for keeping track of every deadline, deliverable, and other obligations laid out in a company’s contracts.
Contract administration is the process of ensuring that the seller lives up to the agreements in the contract. The project manager and the contract administrator must work together to make certain the seller meets its obligations. … Within the contract there must be the terms for payment.
In short, contract administration involves the planning, negotiation, execution and performance of any contact with customers or vendors. The preparation and implementation of contracts has great potential for aligning mutually agreeable contracts that lead to positive business outcomes.
- Contract Types Overview.
- Express and Implied Contracts.
- Unilateral and Bilateral Contracts.
- Unconscionable Contracts.
- Adhesion Contracts.
- Aleatory Contracts.
- Option Contracts.
- Fixed Price Contracts.
Seven essential elements must be present before a contract is binding: the offer, acceptance, mutual assent (also known as “meeting of the minds”), consideration, capacity, and legality. Contracts are typically in writing and signed to prove all of those elements are present.
- Fixed-price contracts.
- Cost-plus contracts.
- Time and materials contracts.
Contract Administration vs. Contract Management
Contract administration is commonly mistaken for contract management, but the two are not synonymous. Contract administration is a process which only takes place before the contract has been finalized. Once the contract is finalised, contract management begins.
A contract administrator is responsible for ensuring both parties are happy with the contract they create together. A contract manager, on the other hand, deals with contracts during the project itself. This takes the form of answering questions, making changes and mediating conflicts. These two roles require different skill sets and are therefore two distinct roles.
