Contract Management Services
LENAX offers Contract Management Services and Administration Services. We provide the expertise required to perform the Administrative activities associated with handling of contracts.
Our services in Contract Management can be divided into six components:
- invitation to bid,
- bid evaluation,
- award of contract,
- contract implementation,
- measurement of work completed, and
- computation of payments.
It also includes monitoring contract relationship, addressing related problems, incorporating necessary changes or modifications in the contract, ensuring both parties meet or exceed each other's expectations, and actively interacting with the contractor to achieve the contract's objective(s).
Our services are typically performed under three phases:
- pre-contract phase
- contract execution phase
- post award phase
Contract management includes assisting in negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution. It can be summarized as the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk.