Essential Stages in Contract Management

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MIT School of Distance EducationEssential
Stages of Contract Management
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Contract Management

• Contract management is the process of overseeing
  the creation, negotiation, execution, and
  termination of contracts.
• It is a critical part of business operations, as
  contracts help to ensure that all parties
  involved in a transaction understand their rights
  and obligations.
• Construction contract management is a complex and
  challenging process, but it is essential for
  ensuring the success of a construction project.
• If you are involved in a construction project,
  having a good understanding of contract
  management is essential.

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7 Essential Stages of Contract Management

1. Planning This stage involves identifying the
   need for a contract, defining the scope of the
   contract, and identifying the parties involved.
2. Negotiation This stage involves bargaining with
   the other party to reach an agreement on the
   terms of the contract.
3. Execution This stage involves signing the
   contract and making it legally binding.
4. Administration This stage involves monitoring
   the performance of the contract and ensuring that
   the terms are being met.
5. Change management This stage involves managing
   any changes to the contract.
6. Termination This stage involves ending the
   contract per the terms.
7. Dispute resolution This stage involves resolving
   any disputes that arise under the contract.

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Learning Construction Management

• Construction has always been a profitable
  business sector. With the increasing number of
  players in this field, systematic execution of
  the operations becomes detrimental to a
  successful business.
• MIT School of Distance Education (MITSDE) is one
  such institute that understands the current
  skills gap in the market and strives hard to
  reduce it.
• Hence, MITSDE brings you a PG Diploma in
  Construction and Project Management course that
  will prepare you for challenging roles within the
  corporate domain, imparting the best theoretical
  and practical knowledge.

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Why MITSDE ?

• Develop the planning, organizational and
  execution skills of a construction manager.
• Learn the latest construction management
  techniques and technologies
• Understand the global construction and project
  management practices
• Learn to analyze the issues related to cost,
  safety, design, operations and logistics
• Learn to communicate effectively, coordinate with
  teams and make ethical decisions

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Potential Careers Opportunities

• Facility Operation Specialist
• Program Manager
• Infrastructure Manager

• Project Resource Manager
• Operation Manager
• Infrastructure Administrator

Many medium to large companies working in various
sector need knowledgeable work force in the roles
of
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About US

• MIT School of Distance Education is one of the
  largest distance learning center in India. We
  offer various Post Graduate Diploma and
  Certificate programs Online MBA Courses across
  various industry sectors including Operations
  Management, Project, Information Technology,
  Banking and Finance, Digital Marketing, Business
  Analytics and many more. MITSDE has an online
  assessment system, flexi-learning approach and
  provides state-of-the-art Learning Management
  System (LMS), which aligns with its mission of
  'flexible learning opportunities anywhere,
  anytime, and to provide ultimate convenience,
  ease, and flexibility to our students.

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Advantage of learning with MITSDE

• Self-paced learning
• Live webinars and doubt solving sessions
• Quick and highly-responsive student support
• Dedicated student support team

• Regularly updated syllabus
• Industry-relevant course offerings
• Courses taught by Industry Experts
• Affordable courses
• No cost EMI options

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Placement Record at MITSDE
MITSDE has a dedicated Placement Cell providing
100 placement, CV building workshops and Career
Counseling. Our Student Placement
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Placement Record at MITSDE
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Contact Us

• Address
• MIT Alandi Campus, Pune Moshi-Alandi Road,
  Alandi-412105,Pune Maharashtra (India)
• Phone [phone]

• Email ID admissions_at_mitsde.com
• Website www.mitsde.com

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Thank you