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The construction industry is built on business partnerships — nurturing your customers and vendors, as well as defining how your relationship will work in the form of contracts. Contracts with vendors, subcontracts, architecture firms and other partners are key documents that all contractors must deal with on a daily basis.
Developing a contract is similar to constructing a building. Just like you have to coordinate with several companies (about their responsibilities on the project) to start construction, you have to coordinate with several people (each of whom has different roles in drafting the contract) to develop a contract.
The building blocks of a construction contract include:
What’s the most efficient way to house and manage all of these contracts? Much like you need the architecture firm’s blueprints as a plan to guide the team and show how the building will be constructed, you need a contract management system on Microsoft SharePoint to show how your contracts are organized.
Want to learn more about how a structured contract management system can boost your company’s productivity and streamline the contract lifecycle? ConvergePoint can offer guidance on industry best practices and how our Policy Management Software, Contract Management Software or Employee Health and Safety Training Management Software can benefit your organization.
Next step: Learn how to set up an efficient contract management system via the How-to guide.
After investing time and resources creating these policies, make sure employees read, understand and apply them to their daily job responsibilities! How? Read the Guide on How to Ensure Employee Accountability & Compliance through Effective Policy Management.
Manage employee and teacher contracts, sponsorship deals, city and state regulations, and partnerships.
Manage supplier and vendor contracts, employee and staff contracts, distribution contracts, and facility leasing and ownership contracts.
Comply with HIPAA, HITECH, ICD 9, ICD 10, and FDR CFR regulations for contract management, and handle active directory contracts for your organization
Comply with SEC, FDIC, FINRA, OCC, CFTC, and Federal Reserve regulations on contracts, handle employee contracts, and partnership deals.
Create and manage employee contracts, improve organizational transparency, reduce risk factors, and mitigate lawsuits
Abide by local, regional, state and federal regulations, manage contractor information, develop third-party outsourced contracts, and handle facility agreements.
Comply with FAA, DOT, FMCSA, FRA and FTA regulations for contracts, outline contracts for drivers and vendors, and reduce potential risks.