
Contract Administration
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Contract Administration is a cloud-based responsive web application that provides quick access from any device, simple change order tracking, convenient access to all documents and contracts, plus, unlimited customized user access. Users can track all of their construction contracts in one easy place, including critical details like key milestones, payments, compliance goals, audit trails, history, and so much more.
Strengths
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Efficiency
Automates contract creation and management
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Accuracy
Reduces errors and ensures compliance with legal requirements
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Transparency
Provides visibility into contract status and performance
Weaknesses
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Integration
May not integrate with all existing systems
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Customization
May not offer enough flexibility for unique business needs
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Cost
May be expensive for small businesses or startups
Opportunities
- Can be used to manage contracts across multiple departments or locations
- Can help ensure compliance with changing regulations and laws
- Can free up time and resources for other business tasks
Threats
- May face competition from other contract management software providers
- May be vulnerable to data breaches or cyber attacks
- May face resistance from employees who are used to manual contract management processes
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Contract Administration Plan
Contract Administration's pricing strategy is a subscription-based model with three versions, ranging from $10-$25 per user per month.