is a comprehensive area that deals with the entire lifecycle of a contract, from market research of potential suppliers to the invitation to tender and contract execution.
What does that mean in practice?
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Tender: The creation of detailed tender documents to find suitable providers for a specific service or product.
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Bid evaluation: The systematic evaluation of bids received according to various criteria such as price, quality, delivery time and references.
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Contract negotiation: The drafting and negotiation of contract terms to protect the interests of all parties.
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Contract conclusion: The formal signing of the contract and ensuring its legal validity.
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Contract execution: Monitoring the execution of the contract, ensuring compliance with the contractual conditions and resolving any disputes.
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Contract termination: Properly ending the contractual relationship and preparing a final invoice.
Why is contract and tender management important:
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Risk minimization: Risks can be minimized and legal disputes avoided through careful contract drafting.
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Cost efficiency: Efficient tendering and contract negotiation can lead to significant cost savings.
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Quality assurance: Clear contractual conditions ensure the quality of services.
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Transparency: Well-structured contract management ensures transparency and traceability of all processes.
What are the advantages of professional contract and tender management?
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Time savings: Automation and standardization of processes
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Cost reduction: Optimizing procurement processes
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Risk minimization: Avoiding legal disputes and contract violations
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Quality improvement: Ensuring that performance requirements are met
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Compliance: Adherence to legal requirements and internal guidelines
**Together for transparency, accountability and success in your contracts and tenders **