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Contract Management

Assets Blog Contract Management

Managing the Notice to Proceed Letter in Construction Projects

Once the contract is fully executed, a written Notice to Proceed (NTP) is issued to the contractor to commence the work and start at the contract time as defined in Special Provision “Time of Completion and Liquidated Damages.” The Notice to Proceed date is the first day of the contract Read more…

By PMWeb, 2 yearsMarch 3, 2023 ago
Blog Contract Management Forms Schedules

Managing Queries During the Tender Period on Construction Projects

During the tendering period, it is very common for the invited bidders to raise queries or clarifications if the information received in the tender documents is open to interpretation or is not clear. This will enable the project owner and the team who have prepared the tender documents to respond Read more…

By PMWeb, 2 yearsFebruary 27, 2023 ago
Blog Contract Management Forms

Documenting Pre-Bid Meetings on Construction Projects

One of the key requirements for construction projects and in particular those based on the traditional design-bid-build is having pre-bid meetings that are held during the bid period. The purpose of a pre-bid meeting is to clarify any concerns bidders may have with the contract documents, the scope of work, Read more…

By PMWeb, 2 yearsFebruary 24, 2023 ago

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