Contract and Risk Management

Service Description

Contract advisory is a proactive service that helps construction stakeholders understand, manage, and enforce their contractual rights and obligations. It spans the full project lifecycle from tendering and contract negotiation to project delivery and final account settlement. In an industry where disputes frequently arise from misinterpretation or mismanagement of contracts, advisory services are essential. One of ProjectuMS goals of contract advisory is risk identification and mitigation. This involves reviewing contract clauses for payment terms, extension of time provisions, variation mechanisms, delay damages, force majeure events, and dispute resolution pathways. ProjectuMS advisory also includes aligning project documentation (such as correspondence, notices, and progress reports) with contract procedures to ensure that entitlements are preserved and risks minimized. Timely and accurate administration of the contract is critical. Construction contracts often include strict requirements for notifications, time bars, and supporting evidence. Failure to comply even if justified in substance can result in the loss of significant entitlements. Contract advisory ensures these obligations are met. Effective advisory also helps prevent disputes from arising in the first place. By keeping a clear and contractual approach throughout the project, parties reduce uncertainty and protect relationships Contract advisory is not just about interpretation, it is about strategy, discipline, and foresight.