Contract Administration
At PMA for Project Management and Arbitration, we offer comprehensive contract management services that ensure effective and profitable contract implementation while minimizing legal and commercial risks. We create a conducive environment for successful contract completion through precise administration in professional care and diligence and continuous analysis to achieve the project's commercial objectives and to ensure the rights of our precious client. Our team is dedicated to ensure the compliance of each and every provision and condition obliged in the Contract.
Contract Drafting:
- Requirement Analysis: We start by understanding the client's needs and requirements to ensure all necessary clauses are included and implemented in the contract.
- Negotiation and Drafting: We negotiate on behalf of the client to secure the best possible terms. We draft the legal contract accurately to protect the client’s interests.
- Legal Compliance: We ensure all contracts comply with relevant local and international laws and regulations.
Contract Administration:
- Obligations Management: We track the contractual obligations of all concerned parties to ensure adherence to the timeline and financial terms.
- Performance Monitoring: We continuously monitor the project's performance to ensure it complies with the contract terms, with periodic progress reports.
- Variation Orders Management: We handle any Variation Order in the contract or project systematically to ensure they do not affect the Contract’s obligations and conditions.
- Correspondences drafting: we ensure that the drafting, reviewing and analyzing for each and every correspondence is incompliance with our strategy and benefits.
Risk Analysis:
- Risk Identification: We identify potential risks associated with contract execution through comprehensive contract analysis.
- Risk Management: We develop plans to manage and mitigate potential risks to ensure smooth project progress.
- Monitoring and Evaluation: We regularly monitor risks and assess their impact on the project, mitigating management plans as needed.
Contract Closure:
- Closure Procedures: We perform contract closure procedures by ensuring all terms and obligations are fulfilled.
- Final Evaluation: We conduct a final evaluation of the contract and project, documenting lessons learned to improve future contract management processes.