The Contract Procurement Process Can Be Managed In Six Steps
|
When it comes to developing a contract for a type of business or service there is a process that is followed. It is called the Contract Procurement Process and it generally has six steps. While these six steps are important, it is also important to understand that this process is needed in order secure what you need for a project to get what you want in the end.
The first step in the Contract Procurement Process is to determine exactly what you need. This is the time to decide if you want to make something, purchase something, rent something or license something. Only you can make this determination based on your needs. Once you have done that you need to either plan your RFP if that is how your company chooses contractors or you need to plan how you are going to attract contractors. This process should include you developing a contract with all of your needs. Once you have done that then you need to go ahead and send out your RFP or determine who you want to use as your contractor. After you have awarded the contract, it is up to you to manage the administration of the facts of the contracts and eventually sign off on the work that has been done. While the Contract Procurement Process details differ from assignment to assignment, they all follow relatively the same process to get it done. However, there are classes available for those who are confused about the process. It is also possible to keep a database of the process as well for your business so that you can ensure that all of the steps are followed. The administration of the Contract Procurement Process can be done via computer database or in person and is typically managed by upper management, owners, etc. in a company. This is because this is a very important process that should not be left to those who do not have experience in contracts or the procurement of contracts. Choosing the right person for the job is just as important as the process itself and requires some legal knowledge as well as the ability to negotiate contracts.
|
Glen Rock, West Bend, Bartlett, East Moline, La Crosse, Keizer, Myrtle Beach, Mequon, Atascadero, Shoreline, Bexley, Daytona Beach, Nevada, Texas City, Bethlehem, Union City, Mineral Wells, West Covina, La Marque, Grand Junction, Jasper, Canyon Lake, Michigan, Colorado, New Hope, Safety Harbor, Wilmington, Vermont, Trenton, Matthews, Palm Beach Gardens, Waltham, Appleton, Lawrenceville, Texarkana, Tarpon Springs, Webster Groves, Melvindale, Springfield, Depew, Alameda, Urbana, La Grande, West Allis, Wilmington, Maywood, Iowa, Arizona, Taylor, San Marcos, Christiansburg, Springfield, Benton Harbor, Poughkeepsie, Cedar City, Mountlake Terrace, Peekskill, Maryland, Easton, Washington, Bay City, Windsor, Oak Lawn, Brentwood, Clinton, Moscow, Berkeley, Kansas, Kilgore, La Ca??ada Flintridge, Laurinburg, Baytown, West St. Paul, Hobart, Redding, Fayetteville, Chicago, Miami, Lake Stevens, Baker, Douglasville, Wyoming, Ramsey, Guam, Chesterfield, Converse, Americus, South St. Paul, Cudahy, Marlborough
Commodities Trading - Basic Risk Management - Hedging
By Amar Mahallati
If you're a commodities trader or are looking to become one, you know that two elements motivate you: speculation and hedging. Although speculation and hedging are not mutually exclusive and you can do both at the same time, speculation is primarily profit oriented. Hedging is more about protecting your profits or minimizing a potential loss and is therefore a defensive strategy.
[READ FULL ARTICLE]
Risk Management and Railroad Contract Cleaning - Case Study
By Lance Winslow
Risk management and the railroad go together. Here you have locomotives, and often hundreds of tons of equipment, one mistake and it could ruin your whole day.
[READ FULL ARTICLE]
Implementing ISO 9001 With Web Hosted Contract Management Software
By Neeta B
There are some good contract management soft-wares which can be employed to great effect in these organizations so that day today requirement gets integrated with ISO 9001- Quality Management System. The forms can be developed while integrating the organization culture and work requirement.
[READ FULL ARTICLE]
Rental Contract Template - Choosing the Right Contract For Your Needs
By Marie Lopez
With so many different types of rental contracts available how can you be sure that you are getting the right rental contract template? In fact there are really only two basic types of contracts with variations on each one. You have rental contracts for renting items such as equipment, videos and cars or you have real estate rental contracts for homes and commercial properties. These two types of contracts are very different and should be easy to distinguish between the two.
[READ FULL ARTICLE]
Contract Management | IACCM | Workforce Management Software | Contract Procurement Process | Bidding Government Contracts | Government Contract Jobs