Contract Management

Contract Management

Contract Management from Dynamic Netsoft is a powerful Microsoft ISV product for the Dynamics 365 platform. This comprehensive and integrated solution helps users in managing project execution and completion of projects on schedule. Powerful workflow and reporting tools help users analyze and track the performance of projects for timely and within budget demands completion of projects. This comprehensive yet able solution helps users manage large amounts of information associated with complex construction and engineering projects. The solution provides a project-wide collaboration and tracking system that helps customers minimize risks associated with project delay, milestones, scope creep, and budgets.

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    Dynamic Netsoft Contract Management solution goes beyond traditional Project Management & Accounting and provides a comprehensive project management solution. This solution provides features that include multi-level work breakdown structures, robust resource scheduling, and effective ERP for contract management.

    Salient Features

    • Budget allocation and revision for the contracted work.
    • Integration with Project management and accounting modules to ensure effective Budget control.
    Contract Order

    • Tracking of contractor used in the project.
    • Issuing Letter of Award to the Contractors
    • Different payment terms/milestones along with deliverables/submittals.
    • Creation of Contract order activities which help to track the contractor’s work accurately.
    • Creation of work order/Contact order with different types such as labour, material or both.
    Budget Control

    • Budget allocation and revision for the contracted work.
    • Integration with Project management and accounting module to ensure the budget is managed effectively.
    Deliverable Tracking

    • Creation of deliverables and tracking those submitted by contractors.
    • Creation of customer submittal and tracking of the same.
    Inspection Tracking

    • Recording and tracking of Inspection details by Project manager, Quality
    • inspectors, Third party consultants etc. for the work done by the contractors.
    • Requesting customer for inspect and associated feedback management.
    Tracking of completed work

    • Recording of work completed by the contractor on a daily or periodical basis.
    • Update of percentage of work completed or quantity of material delivered by the contractor.
    • Invoice and payments based on Contractor work completion.
    Dispute Tracking

    • RecDisputes with respect to contractor work, quality & performance, payments etc. are tracked.
    • Any internal dispute during the project development phase can be tracked.
    • Case management & case process can be used to record and track the dispute in detail.
    Contractor Invoicing

    • Invoice submission, validation with payment terms & deliverables and milestones achieved.
    • Validation with Inspection process.
    • Amount can be retained and released based on the retention terms.