Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees. Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution. It can be summarized as the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk.
Contractual milestones would be followed regularly and all correspondences are followed between all parties (authority, engineer, contractor and concessionaire) and regular and on time consultancy is provided.
IPMS can provide staff support with worldwide contracting experience in FIDIC, World Bank, to reserve rights and claims.