Managing floating contract deadlines
If your organisation is in the world of managing large construction projects or managing floating contract deadlines? Are your contracts large and complex, contains numerous deadlines, milestones and deliverables? In those contracts, before, during and after the project is completed, you must overcome challenges of planning, monitoring and management.
Managing changing contract deadlines is an art, if you were to do that manually:
- Managing webs of floating deadlines and keeping everyone informed about changes is challenging.
- If a deadline is missed, extra monitoring and coordination become necessary to prevent delays.
While project management tooling enables the management of deadlines, it does not typically amend contracts automatically.
The negative consequences of inconsistent contracts or delays in completion are easy to imagine in relation to large construction projects. Inadequate contract management undermines a company’s reputation.
Project. Deadline. Manage. Succeed.
Managing webs of deadlines – requires contract automation integrated with contract management.
Construction projects entail webs of many deadlines that are interdependent and the way they depend on each other might vary. Moreover, with the progressing of time, deadlines and their interdependencies might shift.
Now then, if any uncertainties arise, people turn to the contracts for the truth.
Together with Deutsche Bahn, Weagree has expanded its CLM capabilities. Weagree’s CLM:
- adjusts to changing, both, deadlines and their interdependencies,
- and notifies all stakeholders timely.
In case of managing projects, with numerous contracts or contract-related documentation (or in projects consisting of many documents), you are probably also interested to hear more about Weagree’s projects functionality.