Contracts are the essential beating heart of any construction business. They define relationships with owners, legal and finance partners, and subcontractor service providers. Contracts define deliverables and schedules; are necessary to keep cash flowing in a timely manner; and define performance for the ever-increasing task of government approvals. Finally, contracts carefully and specifically assign and manage risk.
But with all that paper, it may seem that getting onto the jobsite becomes a secondary activity. A contract management system (CMS) can help expedite those chores, get you out of the office, and maybe even encourage a good night’s sleep by reducing the worry factor.
To maintain a good night’s sleep through the CMS implementation process, however, means avoiding roadblocks and barriers that can derail your CMS. Here is a checklist of seven things to avoid during the implementation process.
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Article first appeared in Modern Contractor Solutions magazine July 2016. Byline contribution by Richard Eckerstrom, CEO of Ecteon.