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Why contracts are so important at the beginning

The construction industry is a complex web of interdependent parties, from owners to contractors, subcontractors, suppliers, and consultants. Each of these parties has their own interests and objectives, which can often be in conflict with one another. This is where a contract manager plays a vital role in ensuring that all parties fulfil their obligations and the project is completed successfully.

Whether these be JCT or NEC 3 / Nec4 contracts - understanding those terms and conditions is crucial.

A contract manager is responsible for overseeing the entire lifecycle of a construction project, from the initial contract negotiation to the final completion and closeout. They are involved in all aspects of the project, from managing the budget and schedule to coordinating with all parties involved in the project.

The following are some of the key reasons why a contract manager is so important in the construction industry:

  1. Managing risk: The construction industry is inherently risky, and there are many potential sources of risk that can impact a project's success. A contract manager helps to mitigate these risks by ensuring that all parties involved in the project understand their responsibilities and obligations.

  2. Maximizing value: A contract manager ensures that the project is delivered on time and on budget, while also ensuring that the quality of the work meets or exceeds the client's expectations. This helps to maximize the value of the project for all parties involved.

  3. Facilitating communication: Communication is essential in any construction project, and a contract manager plays a vital role in facilitating communication between all parties involved in the project. They ensure that everyone is on the same page and that there are no misunderstandings that could lead to delays or disputes.

  4. Enforcing contracts: A contract manager ensures that all parties involved in the project fulfil their obligations as specified in the contract. This helps to avoid disputes and ensures that the project is completed in accordance with the terms of the contract.

  5. Managing change: Construction projects are dynamic, and changes are often required as the project progresses. A contract manager helps to manage these changes by ensuring that they are properly documented, and that any additional costs or delays are properly accounted for.

Here at Bennett business partnerships we offer virtual assistance to contract managers and project managers to ensure start to finish project management is a smooth, clearly communicated, collaborate process between all contract holders.

Our understanding of JCT, NEC3/ NEC4 terms and conditions, can help with any size project. And is fundamental in ensuring projects don't run into problems down the line. From start to finish, contractual laws pin together all projects and allows for mutual understanding of expectations of work by contractors and subcontractors.

In conclusion, a contract manager (BPP virtual assistant) plays a crucial role in ensuring the success of a construction project. They help to manage risk, maximize value, facilitate communication, enforce contracts, and manage change. Without a contract manager, construction projects would be much more difficult to manage, and the risks of disputes and delays would be much higher.

So, get in contact today and find out how Bennett Partnerships can support your construction business needs.

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