Bidding and purchasing contracts are the main means of the parties' foreign economic activities, and the management of bidding and purchasing contracts involves all kinds of contract risk control, which is closely related to the efficiency and benefit of contract performance. The key points of contract management in bidding procurement are as follows: 1. The contract management cycle is long. Compared with other contracts, bidding procurement contracts (especially engineering procurement contracts) have a long cycle. Second, the contract management system is strong. Many contracts involve market subjects such as tenderers and bidders, and there are various types of contracts. Contract management must deal with the relationship between technology, economy, finance and law, and manage them by classification through reasonable and systematic management mode. Third, the contract changes frequently. Bidding contract has a long cycle, high price and many uncertainties, which leads to frequent contract changes. Fourthly, contract managers are required to have high legal knowledge. The management of bidding and purchasing contracts not only requires managers to be familiar with conventional laws and regulations, but also requires managers to master the knowledge of bidding and purchasing professional laws and regulations. Five, the contract management information requirements are high. Bidding and procurement contract management involves a lot of information, which needs to be collected, sorted, processed and utilized in time. The establishment of contract management information system can manage contracts more effectively. Sixth, the benefits of contract management are remarkable.
Source: Bid Guarantee Bid
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