- P.O.Box: 3480, Bansktown Square, Bankstown, NSW 2200, Australia.
Commercial Consultancy
SynePeak offers comprehensive commercial contract management advisory and construction contract management services in Australia. We aim to simplify the contract management aspect of your business, providing the utmost professionalism and a streamlined process.
Construction Contract Management
Real-time Oversight
Gain immediate insight into your contractual risks with our real-time visibility.
Operational Efficiency
Efficiently manage your contractual obligations with our expertise, ensuring optimal outcomes in a timely manner.
Simplified Procedures
Achieve a consistent and streamlined approach to administering your contractual obligations through well-thought-out and proven processes. SynePeak has successfully implemented these processes repeatedly. Rephrase full content to human-written content
What makes SynePeak the ideal choice for construction contract management?
At SynePeak, we live and breathe Commercial and Contract Management—it’s in our DNA. We bring a level of precision to our approach that ensures solid results every single time. Our team of experts in delay, quantum, and technical aspects is ready to step in at the right time and place for your commercial and contract matters. Throughout the entire project life cycle, we’ve got your back, providing unwavering support at every step. When it comes to contract management in Australia, we stand out as the go-to experts.
What sets us apart is our proactive stance. We don’t just manage; we anticipate. Identifying risks and opportunities early in the tender and pre-contract phase is our forte, allowing you to mitigate and manage them effectively and on time. In Australia, SynePeak is synonymous with excellence in contract management services. We simplify the complexities, making contract management the easiest part of your business operations. Our services are designed to enhance contract efficiency, making your business run faster and smoother. With seasoned companies like SynePeak handling your contract management, you not only grow your business but also gain greater insights and control.
A contract isn’t just a piece of paper; it’s a vital agreement that outlines obligations, terms, and timeframes for any project. Managing this core agreement requires attention to detail, and that’s where SynePeak’s expertise comes in. Expectations are crystal clear, ensuring everyone involved understands their role. Once the contract is in place, our involvement throughout its execution becomes equally crucial. We simplify the process, making contract management a seamless experience for your company. No need for multiple readings by different people—SynePeak delivers the most professional service with a streamlined contract management process.
What is commercial contract management?
Commercial contract management involves overseeing contract agreements from creation to execution, encompassing all stages until the contract’s eventual termination.
Key steps for contract management
Initiation
Initiating a contract begins with a request, which is then directed to the legal or procurement department based on project information.
Drafting and Authorizing Contracts
The next phase involves crafting and approving contracts, utilizing pre-existing and approved template clauses, along with adherence to a set of business rules.
Negotiating and Reviewing Contracts
In the third phase, we engage in negotiations and review the contract. This stage involves sharing the contract with the other party and initiating the redlining process. Collaboration with both the third party and the internal team is essential. Key aspects of this step include version control, edits, change tracking, and thorough documentation comparison.
Approval and Execution of Contracts
In the fourth step, it is ensured that all parties involved have thoroughly reviewed and approved the contract. Contract execution can also be facilitated through e-signatures, ensuring a seamless process.
Monitoring Contract Performance and Analytics
After the contract is signed, it becomes crucial to assess its performance. This ongoing process may extend over several years depending on the project’s scale, involving significant and minor milestones throughout its lifecycle. It is imperative to comprehend, monitor, assign, and fulfill these milestones during the contract’s lifecycle. Additionally, the contract may require modifications based on evolving business concepts.
Amending Contracts
In the sixth step, adjustments or amendments to the contracts are considered, reflecting changes in business dynamics. These modifications may occur throughout the contract’s lifecycle and should be executed efficiently while adhering to established guidelines. Various contract management tools can aid in tracking and implementing these changes.
Contract Expiry/Renewal
Ensuring a clear understanding of contract timelines is crucial for businesses to be well-informed about upcoming contract expiry dates and renewals.
Types of contract management
Contract management applies to dealings with vendors, sellers, and suppliers based on the agreed terms in the contract, overseeing various aspects of business requirements and procurement.
Key Components of Contract Management:
- Formation of governance and the contract management team.
- Planning, establishment, and execution of contract administration.
- Relationship management.
- Performance management.
Essential Elements of a Contract:
- Fundamental Contract Principles
- Categorization of Contracts
- Offer
- Acceptance
- Mutual Understanding
- Consideration
- Legal Capacity
- Legality
Our Offerings
- Lead Contract Administration and Management
- Drafting contract notices, formulating written claims, and engaging in settlement negotiations
- Recognition of Contract and Legal Entitlement
- Claims related to Cost and Time
- Procurement within the Supply Chain
- Financial Cash Flow and Budget Management
- Identification and Management of Commercial Risks and Opportunities
- Training and Development in Commercial and Contract Management
- Representation in Client Meetings and Workshops
- Management of Subcontractors, Suppliers, and Commercial Aspects
- Preparation, negotiation, and settlement of Insurance Claims
- Final Account Management and Negotiation.
