Contract Management for IT company Essay Example | Topics and Well Written Essays - 3000 words

Contract Management for IT company - Essay Example Moreover, in this similar regard, any contract management process is also renowned as a practice where the parties of the contract ensure both time and cost effective accomplishment of the purposes of the contact. A contract has the task of assuring the aspect that the operations of business are executed as per the terms and conditions mentioned in the contract amid the contract manager and the company (Rendon 2009). Contextually, this particular report will mainly highlight the accountability of a contract manager in case of supply of an IT project while dealing with the terms and conditions of a contractual agreement. With regard to the management of contract within the project, the project manager or the contract manager in this case will need to be quite aware of all the legal obligations that can hamper validity and enforceability of the contract. Contextually, some of the aspects that the contract manager will need to assure include certifying proper validity of the contract through proceeding systematically while entering the contract. In this context, it can be stated that the contract manager will need to ensure proper execution of offer, acceptance and settlements of the terms and conditions while framing the contract. The contract manager will also need to analyse the potential areas within the contract which might result in disputes or conflicts and devise his/her move accordingly. The contract manager in charge of framing the contract for an IT project will also need to be familiar with other legal provisions in contracting with suppliers from other nations outside the European Union. This will ensure better results in the contract management process. These aspects are described in details hereunder. It is evident that a contract is a particular agreement amid two or more parties where each of the parties will be liable to adhered to the terms and conditions of the contract. A contract is generally entered amid two