Electronic Contract Management
Manju Pillai1, Pramila Adavi2
1Manju Pillai, Department of Civil Engineering, Maharashtra Institute of Technology, Kothrud, Pune, India.
2Pramila Adavi, Department of Civil Engineering, Maharashtra Institute of Technology, Kothrud, Pune, India.
Manuscript received on March 12, 2013. | Revised Manuscript received on April 13, 2013. | Manuscript published on April 30, 2013. | PP: 555-557 | Volume-2, Issue-4, April 2013. | Retrieval Number: E1862062513/2013©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The world today is moving on to paperless process to reduce manual intervention and come up with a flawless system. Contract management is an important issue in construction industry. Managing contracts in construction organization is cumbersome due to multiple stakeholders being involved in the process, Hence the need for managing the contracts in a systematic and organized manner. Electronic Contract Management forms an aid to managing multiple contracts in a construction organization. Electronic contract management is a system having constant process of ensuring that a contract is well structured and reviewed appropriately. This system will streamline the business process by reducing the time taken to create, review, execute, and approve contracts. This in turn would ease activities like tracking, central storage of contract documents, and reduction in disputes. Electronic contract management would thus minimize risks associated with manual data entry. Key objectives of electronic contract management are 1. Ensure easy access to contract information 2. Improvised Contract workflow 3. Flawless billing system This paper illustrates more on Electronic contract management which automates and simplifies the lifecycle process associated with creating and managing the contracts or legally binding agreements.
Keywords: Electronic contract management, Contract management process, Contract change process.