Once the contract is won and moved to the Active phase contract maintenance is required. UniPhi needs to be updated to provide the management of contracts. This data Revenues into reporting and enables the project manager to track claims that are required, those in progress and those completed with a date range.
Tracking and monitoring contracts can highlight issues to be addressed such as too many time sheeted hours listed and no variation to claim them. Leading to issues to be addressed and being proactive with clients earlier rather than later.
The contract summary view provides a snap shot of the health of the project, the data is utilised in reports.
Contract maintenance involves;
· Moving the contract from pending to active
· uploading the contract agreement against the contract
· tracking % complete of individual and all contracts for a project or program of works
· scheduling or rescheduling deliverables dates
· phasing or re-phasing of contract Revenue and costs for cash flow purposes
· adding variations and extensions of time
· certifying claims for payment
· raising invoices or progress claims
· viewing and generating variation and extension of time registers
· communicating to clients
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