- Drafting and Negotiation : Preparing, reviewing, and negotiating contract terms and conditions, ensuring they align with company policies, legal requirements, and project / service objectives. This often involves collaborating with legal, finance, and business development teams.
- Execution : Facilitating the formal execution of contracts and ensuring all necessary approvals are obtained.
- Administration : Maintaining comprehensive contractual records, documentation, and databases. This includes tracking key dates, milestones, deliverables, and correspondence.
- Monitoring and Compliance : Continuously monitoring contract performance against agreed-upon terms, service level agreements (SLAs), and regulatory requirements. Identifying and addressing any deviations or non-compliance.
- Change Management : Managing changes to contracts, including scope changes, amendments, and renewals. Negotiating new terms as needed.
- Issue and Dispute Resolution : Investigating and resolving contractual issues, discrepancies, and disputes in a timely and effective manner, often acting as a liaison between parties.
- Close-out : Overseeing the formal close-out of contracts upon completion, ensuring all obligations are met and documentation is finalized.
2. Project & Service Oversight :
- Project Integration : Understanding the project's scope, budget, timeline, and deliverables to ensure contracts support successful project execution.
- Service Level Adherence : Specifically for service contracts, ensuring that agreed-upon service levels are met and that any performance issues are addressed with vendors or clients.
- Risk Management : Identifying, assessing, and mitigating contractual risks. Developing strategies to minimize potential financial or operational impact.
- Financial Management : Working with finance teams to ensure accurate invoicing, cost control, and adherence to financial terms within contracts.
- Performance Monitoring : Tracking project and service performance against contractual obligations and reporting on progress to stakeholders.
3. Stakeholder Communication & Relationship Management :
- Internal Collaboration : Liaising effectively with internal teams (, project managers, sales, legal, finance, procurement, operations) to ensure contractual clarity, alignment, and successful project / service delivery.
- External Communication : Serving as the primary point of contact for clients, vendors, and other external parties regarding contractual matters.
- Relationship Building : Nurturing strong business relationships with clients and vendors to foster positive and productive collaborations.
4. Strategic Contribution :
- Process Improvement : Developing and implementing efficient contract management policies, procedures, and best practices.
- Legal & Regulatory Compliance : Staying updated on relevant legal and regulatory changes that may impact contracts and ensuring compliance.
- Strategic Advice : Providing expert advice and guidance on contractual matters to internal stakeholders.