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Essential Stages of Contract Management

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. <br>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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Essential Stages of Contract Management

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  1. MIT School of Distance Education Essential Stages of Contract Management

  2. Contract Management • Contract management is the process of overseeing the creation, negotiation, execution, contracts. and termination of • 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.

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

  4. 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.

  5. 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 •

  6. Potential Careers Opportunities Many medium to large companies working in various sector need knowledgeable work force in the roles of: • Facility Operation Specialist • Project Resource Manager • Program Manager • Operation Manager • Infrastructure Manager • Infrastructure Administrator

  7. 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.

  8. Advantage of learning with MITSDE o Self-paced learning o Regularly updated syllabus o Live webinars and doubt solving sessions o Industry-relevant course offerings o Quick and highly-responsive student support o Courses taught by Industry Experts o Affordable courses o Dedicated student support team o No cost EMI options

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

  10. Placement Record at MITSDE

  11. Contact Us Address: Email ID: admissions@mitsde.com MIT Alandi Campus, Pune Moshi-Alandi Road, Alandi-412105,Pune Maharashtra (India) Website: www.mitsde.com Phone: 9112 9112- -207 207- -207 207 / 9028 / 9028- -258 258- -800 800

  12. Thank you

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