(Disha Jain,2023)
What is a Contractor Management?
That
can clarify as process of managing outside contractors and ensuring that they
are meeting the standards set by the main company
This
often includes ensuring that they are completing the work they were hired to do
on time and within budget. Also this is making sure that they are adhering to
company policies and procedures. Otherwise that will came as, improper
management can lead to a number of issues.
Common
ones include payment complication, improperly conveying project details, etc,
Problem like these could be damage the Company brand, as well.
(Wheeler , 2022)
According
to the Simplilearn ,(2023) if any contractor management decide to working with
external contractors with access to skilled professionals in the field and
performing required tasks under the company's guidelines” it is define as the
contractor management. Companies cannot train their regular employees in
contractor management and can hire professionals to execute the tasks with
clear obligations. There is no scope for confusion, worry, or dissatisfaction
in the performed task in contractor management, as they consider every angle
while dealing with the client or the contractor and keep the contract
transparent.
Furthermore, contractor
management ensures that the work assigned to the contractor must be
completed within the deadline and with perfection, as they are hired for their
skills in specific areas. Through this, the budget or time of the
company/stakeholders will not be affected. In any case, if a contractor does
not follow the policies of the companies, they are charged with fines and
penalties.
(Simplilearn,
2023)
Contract management can described according to Bhasin H.,(2020) in
simple terms as the management of
the contract with employees, partners, vendors, and customers. The system
includes addressing any problem with the contract, monitoring and making
necessary changes if required, actively interacting with involved parties to achieve
desired objectives, and to ensure that both the interested parties can surpass
each other’s expectations.
It is also known as contract administration as the process
handles administrative activities associated with contracts like bid
evaluation, an invitation to bid, contract implementation, award of contract,
computation of payments and measurement of completed work.
A contract
manager must have the necessary legal knowledge and
training to handle the contract management process in an accurate manner. The
precise wording is one of the most critical aspects of contract management and
should be handled with care to maximize profitability and minimize risks.
What is a Subcontractor Management?
Subcontractors hired by
Contractor, they must practice subcontractor management to keep projects
running smoothly. This is initiate from identifying the project owner’s needs
and choosing quality subcontractors accordingly. That can be clarify as part of
Subcontractor
Management process.
Also it’s their duty to
maintain them in on expectation and employer policies when subcontractor hired
by Contractor, which is done by creating a subcontractor agreement. This
construction document establishes communication and ensures everyone is on the
same category.
(Schwartz B., 2023)
Also Subcontractor
management another definition as per the Jacob
Kunken & Taylor Riso (2024), the overseeing, supervision and coordination
of subcontractors, profoundly impacts the overall success of a construction
project. This integral piece is usually shouldered by the general contractor,
constituting a substantial component of their responsibilities throughout the
construction process.
Effective
subcontractor management sling efforts of various disciplines on a construction
project and ensures all trades work cohesively, meet project goals and
contribute positively to the overall success of the project.
In this
article, we will explore nine key practices for managing subcontractors
Efficiently
in order to achieve the best possible results.
(Kunken & and Riso ,2024)
Also that can be define as ,Subcontractor
management is the systematic approach of optimizing a wide range of activities
that are linked with managing subcontractors. These activities stretch from the
initial stages of selection and onboarding, through task allocation and
performance monitoring, up to the final project completion.
A crucial yet often overlooked aspect of
subcontractor management is the development of a strong working relationship
with the subcontractors. It requires an environment of mutual respect, open
communication, and understanding, which form the bedrock for seamless
collaboration and successful project execution.
Regularly evaluate your relationships with
your subcontractors. Look for areas where communication, mutual respect, and
understanding can be improved.
(Mckenna ,2023)
Conclusion
Contract management is the contract administration between a company and its vendors. also it’s the process through which an organization streamlines the process of entering into a contract and managing it until the end of its term
References
Available at: https://www.marketing91.com/contract-management-stages-benefits-best-practices/ [Accessed on 29th march 2024]
Kunken J. and Riso T., (2024), Tips for Effective Subcontractor Management [Accessed on 29th march 2024]
Available at: https://www.procore.com/library/subcontractor-management [Accessed on 24th march 2024]
Mckenna C.,(2023) The Comprehensive Guide to Subcontractor Management (Online)
Available at: https://workbuddy.com/blog/subcontractor-management-guide/ [Accessed on 29th march 2024]
Schwartz B. , (2023), Wat is a Subcontractor? Understanding subcontractor management. (Online)
Available at: https://www.projectmanager.com/blog/subcontractor-management-in-construction [Accessed on 24th march 2024]
Simplilearn, (2023), what is Contractor Management and Why It is Important? (Online)
Available at: https://www.simplilearn.com/what-is-contractor-management-article [Accessed on 24th march 2024]
Wheeler T., (2022), what is Contractor Management? A Quick Guide (Online)
Available at: https://bradfordjacobs.com/blog/what-is-contractor-management-a-quick-guide/ [Accessed on 24th march 2024]
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What are the responsibilities of a subcontract manager?
ReplyDeleteA subcontracts manager's responsibilities include managing subcontract activities for major government accounts, ensuring compliance with applicable cost accounting standards, and coordinating contract and subcontract activities.
ReplyDelete