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Contract Administration
DRAFTING AND REVIEWING CONTRACTS:
Creating initial drafts of contracts and reviewing existing ones to ensure accuracy and compliance with legal standards.
CONTRACT MANAGEMENT:
Keeping track of contract statuses, deadlines, and renewals.
Set up an maintain an organized contract repository.
COMPLIANCE MONITORING:
Ensuring all parties adhere to the terms and conditions outlined in the contract.
Notifying the relevant parties of any compliance issues.
NEGOTIATION SUPPORT:
Assist in contract negotiations by providing research, preparing negotiation documents, and keeping track of negotiation progress.
DOCUMENT CONTROL:
Managing and organizing all contract-related documents, including amendments, appendices, and correspondence.
COMMUNICATION MANAGEMENT:
Acting as a liaison between parties involved in the contract.
Facilitating communication and addressing any queries.
DATA ENTRY AND REPORTING:
Entering contract details into databases and generating reports on contract performance, compliance, and other key metrics.
CONTRACT CLOSEOUT:
Handling the administrative tasks associated with contract closeouts, including ensuring all obligations have been met and documentation is complete.
RISK MANAGEMENT:
Identifying potential risks in contracts and proposing mitigation strategies.
AUDIT AND REVIEWS:
Conducting periodic audits of contracts to ensure everything is in order and to prepare for any formal audits.
REGULATORY UPDATES:
Monitoring for any changes in government regulations and ensuring the business stays compliant with the latest requirements.
PERFORMANCE MONITORING AND REPORTING:
Tracking the progress and performance of the contract and generating regular reports to ensure all deliverables are met in a timely manner.
COST CONTROL AND BUDGETING:
Assisting in managing the budget for the contracts, tracking expenses, and ensuring costs stay within the allocated budget.
SUBCONTRACTOR COORDINATION:
Managing relationships with subcontractors, ensuring they meet their obligations, and coordinating their work with the overall contract.
INVOICE PROCESSING:
Handling the invoice process, ensuring all billings are accurate and submitted on time, and tracking payments.
CONTRACT AMENDMENTS:
Assisting in the process of making amendments to contracts as needed, ensuring all changes are documented and approved by the relevant parties.
PRICING PACKAGES - $50/HOUR
Set-up fee may be required.
TIER 1 - $500
UP TO 10 HOURS OF SUPPORT PER MONTH
TIER 2 - $950
UP TO 20 HOURS OF SUPPORT PER MONTH
TIER 3 - $1900
UP TO 40 HOURS OF SUPPORT PER MONTH