Contract Management in United Kingdom

Contract Management in Contract Formation

In Pinsent Mason’s words:
Once the contract has been concluded it is important to monitor its performance. Often there are governance mechanisms set out in the contract which govern the relationship between the parties, and provide forums to monitor performance and deal with change. Internally, each party should check that the other is fulfilling its obligations and that any timescales and payment plans in the contract are being adhered to. It is useful to have regular project meetings to ensure that everything is going according to plan and to solve any problems as they arise.