A toolbox for contract follow up in a project.
Contract forecast and commitments broken down, classified and quantified. Every element in the contract has it's own breakdown and are linked to your overall project Work breakdown structure.
Add the contractor baseline for cost and progress to have a basis for comparison.
Cutoff based status for cost and progress to perform proactive decision-making.
Monitor contracts to foresee when payments in different currencies will take place.
Contract Milestones gives an additional tool for contract follow up. Add original, forecast and actual milestone dates.
All variations in a contract can be tracked from the initial request to the final status. The workflows can be used to interact and digitally sign the different steps in the process. This gives a seem less interface between the company and the contractor. This limits possible deviations and misunderstandings between the company and contractor regarding the status of each variation request.
All the decisions for contract variations will update the contract forecast and commitments accordingly.
If you're interested in Omega 365's products and solutions or simply want more information, please don't hesitate to contact us or request a demo!
Edit talk-to-us text (Shared among all product pages)