Contract performance, Other Management

Contract Performance

Here let us see the final stages of completion of a contract.

Monitoring

You should closely monitor the performance of the consultant. This could be done by keeping track of the submission of deliverables. The reports submitted by the consultants should be reviewed by a specially constituted review committee which will review and forward the approval/comments (soon after the receipt of the same) to the consultant for compliance and resubmission if needed.

Amendments

You can amend the contract promptly as mutually agreed by modifications in the TOR, or scope of work or contract value.

Disputes

You can make sufficient effort to resolve the disputes amicably. Unresolved disputes shall be treated as per provisions in the contract.

Poor performance

In case of poor performance by one or more or all of the key staff of the consultant, you can take action as per provisions in the contract. You should not allow poor performance to continue beyond a certain point and inform the consultant so as to improve the performance and/or replace the key staff member(s) as per contract. If the consultant does not comply or improve his performance adequately, you can terminate the contract.

Delays

In case the consultant is unable to complete the assignment within the stipulated period due to any reason what so ever, the consultant should requests for extension of time and or increase in cost. You should review the request immediately and if satisfied with the request, you can amend the contract either by increasing the cost or extension of time.

Completion of Assignment:

You  should  review  the  draft  deliverables/outputs  as  per  contract  and promptly communicate approval/comments to the consultants.    The consultants should promptly comply with the comments without extra cost and  submit  the  final  deliverable/output.  After  receipt  the  same,  final payments should be made and the contract is closed.

Posted Date: 9/28/2012 3:53:45 AM | Location : United States







Related Discussions:- Contract performance, Assignment Help, Ask Question on Contract performance, Get Answer, Expert's Help, Contract performance Discussions

Write discussion on Contract performance
Your posts are moderated
Related Questions
A ssessment of Project Quality Quality management can be measured by having three main components: Quality control. Quality assurance. Quality improvement.

Administration of Questionnaire: Questionnaire  and  interview schedule require different skills  and  different considerations  for  their administration. In  the  following

CD-ROM Networks CD-ROM has become an important medium for the storage and dissemination of information. Many information products are now available on CD-ROM. CD-ROMs represen

Direct Ordering with Publishers: Due to the inefficiency of local booksellers,  many a library has resorted to the practice of directly ordering with publishers or their local

What are the three approach to the short-term financing problem and provide relevant examples for each ?

TYPES OF SAMPLING: Sampling plans can be  grouped under two categories-probability  sampling and non-probability sampling. Probability sampling uses a technique by which the r

Reasons for a negotiation  As we now aware that negotiation is a process, we will now learn the reasons for which the negotiation plays a crucial role.   Detailed negotiatio

Arrangement of Entries   The actual process of filing starts when sufficient number of cards accumulate.  Preliminary arrangement  In the preliminary arrangement we sor

Question: In recent decades, tourism has emerged as one of a small group of service industries that increasingly dominate the global economy. However, the structure and sig

ETHICS AND SOCIAL RESPONSIBILITY AT … Select a company of interest to you (Fortune 500, Not-For-Profit, etc.) Examples of corporations that could be used are: • Tommy Hilfiger at