Talk to a C-COM product specialist about digitalizing contract management
FIDIC contracts are a cornerstone in architecture, engineering, construction, and operations (AECO) industries, representing a vital tool for professionals navigating contract management. Originating from the International Federation of Consulting Engineers (FIDIC), these agreements have become the global benchmark for engineering and construction projects, with over fifty years of evolution and input from industry specialists.
FIDIC contracts offer a universally accepted structure that simplifies and harmonises contract management, particularly in international settings. Renowned for their equitable distribution of duties, risks, and rights, FIDIC contracts facilitate a trusted and streamlined approach to project execution across the AECO sector worldwide.
Managing claims within FIDIC contracts can often burden commercial teams with extensive administrative tasks. C-COM elegantly navigates this challenge by offering an automated system for tracking claims. It provides timely notifications about necessary actions, advises on actions aligned with contract details, generates communications that adhere to FIDIC requirements, and maintains an up-to-date claims register.
C-COM enhances the process of issuing advance warnings under FIDIC contracts by streamlining the creation and distribution of advance warning notices. An intuitive interface enables the efficient generation of notices that comply with FIDIC guidelines, updates the advance warning register, and aids in managing the underlying risk until resolution.
C-COM simplifies issuing instructions or requests for quotations in line with FIDIC contracts. It ensures that instructions comply with contractual obligations, oversees subsequent tasks, and supports stakeholders in managing instructions according to FIDIC terms.
C-COM's variations feature for FIDIC contracts streamlines the management of contractual changes, enabling the initiation of variations through instruction or RFP with efficient follow-up and reporting. It automates correspondence generation, ensuring compliance with contractual requirements, and simplifies the process with features like proposal initiation, time bar calculations, and authority delegation workflows. This comprehensive solution enhances the efficiency of handling variations, from instruction to final determination, aligning with FIDIC standards for thorough and efficient contractual management.
Adapting to FIDIC contracts, C-COM transforms the daily diary into a cooperative tool, facilitating contractors to compile contemporary site records . This feature is designed for easy completion and prompt submission of approvals, offering a comprehensive daily snapshot of site operations. It establishes a searchable record essential for dispute resolution and claim evaluation, applicable immediately and in the long term.
C-COM's risk register under FIDIC contracts promotes a unified approach to identifying and mitigating risks. It enables various parties to contribute to and discuss risk mitigation tactics, ensuring immediate recognition of potential risks and fostering proactive steps to reduce project delays and costs.
In the realm of FIDIC contracts, C-COM provides a platform for logging delays and unforeseen circumstances. This feature promotes enhanced project management and communication among all parties involved. It ensures that all events are documented and managed efficiently, aligning with the proactive spirit of FIDIC guidelines.
Talk to a C-COM product specialist about digitalizing contract management
Talk to a C-COM product specialist about digitalizing contract management