Each party to a construction contract owes it to themselves to ensure they deliver the promises they made in the contract. But they also must be sure to hold the other parties to the terms of the contract. Whether called contract management or contract administration, it is the process of adhering to the contract while holding other parties accountable.

Each party to a contract can use contract management. Owners usually initiate the contracts for their projects and they will include many aspects both they and contractors must deliver. General requirements, for example, will include specifications on prices, payment, value analysis, administrative requirements and quality requirements. Supplementary conditions specify health/safety requirements, security requirements and dispute resolution processes. Contractors must adhere to the requirements, and they must also ensure the owner honors their commitments in the contract. Subcontractors will also have contracts with the general contractor to manage.

Procore’s contract management makes it easy to track and distribute contract elements like submittals, change orders and payments. You can create and track subcontracts and monitor potential cost aspects of the project from start to finish. You can use tools to create contracts and purchase orders and also track their value. The Request for Quote (RFQ) Tool helps you manage RFQs, from sending them to negotiating costs. You can track RFQs that are still outstanding across all open change events. Most convenient is that you can sign contract documents using DocuSign so you can avoid the entire process of printing, sending, processing and returning commitments, purchase orders and prime contracts.

A big benefit of using Procore for contract management is the tracking. You can always know the stages of each contract and contract deliverable, so there are no missed deadlines leading to disputes and claims. Because Procore is cloud-based, you have access to your contract data anytime and anywhere, with any device. Another huge benefit is being able to streamline change management all the way from estimating the extra cost to creating the change order. You can manage a change right from an RFI, or directly on a mobile device as you survey the work. When you use Procore, you also have lots of help. From a world-class support team to a community of users, when you need answers they are never far off.

Procore contract management conforms to G702/G703 progress billing. It includes features such as retainage and stored materials. You can use Procore’s contract management to create standard G702/G703 documents and customize them to fit your specific project or your company needs. You can also attach additional documentation like lien waivers to payment applications. You will have configurable approval workflows to streamline payment applications and improve transparency for all parties.

Yes. Procore to date integrates with dozens of apps, including accounting apps, bidding platforms, estimating and takeoff apps, progress documentation trackers, resource management apps. and scheduling apps including Microsoft Project and Primavera P6. Other integrations include analytics, BIM, consultants, devices, drones, field communications, quality, safety and many more.