Contract Management Services – For The Supplier Or The Purchaser.

Guest post by: Lee Lister
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What Type of Business Should I Start? - By Lee Lister

Contract management services are the management of purchasing and supply contracts by external consultancy companies. These are two-fold. The first is a service provided to purchasers who require one or more of their contracts to me managed.

The second Contract management service is when a supplier requires their contracts to be managed. Supplier contract management is particularly popular amongst independent contractors who undertake several small contracts a year. They have taxation and financing challenges as well as a need to have their accounts completed. The contract management services offered to independent contractors usually consists of:

· Contract production so that only tax effective contracts are used.

· Tax advice and tax avoidance advice.

· Financing assistance including introduction to finance companies that specialize in independent contractors.

· Accountancy services.

There are contract management systems (CMS) that manage the entire contract lifecycle for purchasing departments. For those companies that do not have the financial ability to install their own CMS then numerous consultancies offer contract management services that include the use of a contract management system. Their services usually consist of:

· Confidential use of a contract management system.

· Contract drafting.

· Drafting of any Service Level Agreements (SLA’s) that may be required.

· Contract management throughout its lifecycle.

· Management of any Service Level Agreements (SLA’s) attached to the contracts.

· Management of any contract problems.

Exception management when changes to the contract happen or are instigated by either party.
Management of contract awards.
Risk management as they appertain to the contracts.
Warnings when contracts are due to expire.
Automatic renewal of contracts as required.
Management information on the performance of the contracts including any problems and exceptions that may have occurred.

Contract management services are particularly popular with local governments, government departments, universities, hospitals etc. This is mainly due to the need to be seen as unbiased in their contract award and management. A secondary need would be to minimize contract management costs.

Many consultancies specialize in one particular industry sector. Complex areas such as facilities management, transport, travel and part time staffing are particularly popular.

With the popularity of outsourcing, there are many consultancies springing up that will manage complex outsourcing contracts.

It seems that whatever the contract, there is a consultancy or a computer system that will manage it for you.

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What Type of Business Should I Start? - By Lee Lister

About the Author: Lee Lister

RSS for Lee's articles - Visit Lee's website
Lee Lister is a Business Consultant with more than 25 year's consultancy experience for many household names. She is known as The Bid Manager or The Biz Guru.
From an early age she began an unparalleled journey through business consulting that continues to span across the UK, USA, Europe and Asia. She has consulted for a considerable number of companies all over the world. Specialising in business change management, start up consultancy and trouble shooting. Lee's experience in marketing and internet marketing is also keenly sought after.

She is a prolific published writer of books, ebooks and articles and can easily be found on major search engine and Amazon. Her books include: FastTrack Bid Management, Proposal Writing For Smaller Businesses, How Much Does It Cost To Start A Business, Entrepreneur's Apprentice and a series of Start My New Business books that do as they say in the title!

Her major web sites are:
http://www.BizGuru.us
http://www.Bid-Manager.com
http://www.MarketingGuerrillas.com
http://www.StartMyNewBusiness.com

Click here to visit Lee's website.

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