Manage your Contract Commitments

The Contract Management product registers, maintains, and tracks project commitments, including contracts, sub-contracts, purchase orders, framework agreements, and call-offs.

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Within a project, it's important to have a clear overview of all contracts and the information they contain. The Contract Management product provides this overview, offering unique control over categorized commitments, contract variations, milestones, implementation plans, and actuals.

By using this product alongside the Cost Management product, you gain both a high-level project overview and detailed insights into each contract within the project.

A Toolbox for Contract Follow Up in a Project

Contract Forecast and Commitments

Contractor Baseline Management

Contract Cost and Progress Status

Cash Calls Control

Milestones

Tracking Variation Orders

Contract Forecast and Commitments Breakdown

By tracking contract forecasts and all related commitments, the system helps build a solid foundation for your overall project forecast. Procurement and cost engineers can collaborate within the same system, allowing them to manage both commitments and the funding of each commitment effectively.

Track Cost and Progress Plans and Actuals for the Contracts

With contractor plans and actuals, the project can monitor and ensure expected progress and costs. Any deviations from the plan can be identified early, allowing for timely corrective actions to mitigate potential issues.

Get to Know Your Product Manager

Tobias Sætre

Tobias Sætre

Tobias Sætre started at Omega 365 in 2019. He holds a degree in computer engineering from the University of Stavanger (UIS). Initially working from the Ølensvåg office in Norway for the first seven months, he then moved to the Stavanger office in Norway before recently returning to Ølensvåg. Sætre has been involved in developing modules for the CORE system and has also participated in various implementation projects.

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If you’re interested in learning more about Omega 365’s solutions or would like additional information, feel free to reach out to us.