Why Contract Management is Indispensable in EPC Project Management

Many project organizations underestimate the importance of proper Contract Management when executing projects, and in particular, EPC (integrated Engineering-Procurement-Construction) projects. Kamlesh Narwani in our latest Expert Corner\’s paper briefly discusses about the application of Contract Management in different phases of EPC project management, why this role is indispensable, and the role profile of a Contract Manager.

First of all, Contract Management is generally an action-oriented activity that aims to administer and optimize the project contractual and commercial position. It is different from the focus of Legal department.

The paper exposes what are the qualities of good Contract Managers and what role Contract Management has in the different project steps, from bidding to close-out.

All EPC projects can benefit from Contract Management. Contract Management as a function is sometimes misunderstood or undervalued. It is important for EPC project-driven companies to recognize its value and foster the development of successful Contract managers. Read our latest Expert Corner\’s paper \”Why Contract Management is Indispensable in EPC Project Management\”!