This book presents a comprehensive coverage of various issues related to contract management and project Execution.It explores the challenges of completing projects on time while adhering to contractual frameworks, addressing the complex realities and challenges faced by project managers. It examines how to manage unforeseen issues that were not anticipated during tender document preparation or how to interpret the contracts in favour of the project execution. By analysing real-world scenarios, the book delves into the need for innovative, case-specific solutions in the absence of clear precedents, providing a comprehensive framework for navigating these critical project management challenges and leave a trail behind.
It provides an in-depth analysis of real-world problems and solutions, and strategies to manage inevitable project changes, and emphasizes the importance of a pragmatic and equitable approach to contract conditions, ensuring they align with statutory legal frameworks while fostering balanced Employer-Contractor relationships.
It is designed for professionals and engineers engaged in construction of multi facet projects. It will be useful for students undertaking courses on project and contract management.
Prologue/ introduction.-Section 1 project management the
essentials.-2- Project management the fundamentals.-03-Timely project
completion a mirage.-04- Delayed projects a deep dive.-05- Project
management- a win-win pardigm .-Section 2 Contract management desired
skills set.- 6- Contract management- a collaborative approach.-7- Change in
projects is inevitable embrace it.-8- Managing projects uncertainities
enable yourself.-9- Cashflow - the cardinal factor for project
completion.-10-Resolving interface intricacies.-Section 3 Contract
agreements legal interpretation .-11- Contract agreements- legal
perspective a road less traveled .-Section 4 Managing contracts a journey
from mirage to an oasis.-12- Project planning- the cutting edge.-13- Tender
document preparation well begun is half done .-14- Project execution- the
real essence.-15- Project completion - finish with finesse.-16-Conclusion -
forging ahead
Sharat Sharmais an officer of Indian Railway Services of Electrical Engineers- 1980 batch, former Director operations Delhi Metro Rail Corporation (2013-2017) and government nominee Directors on the board of Directors of Chennai and Kochi metros, is presently a freelance adviser for major and Mega contracts and project execution to Government undertakings and several private/multinational companies, an Arbitrator and Member of Dispute Resolution Board. He has wide experience of more than 44 years in Infrastructure construction, Railway Operations and Maintenance & Metro construction, Operation & Maintenance. He is known in the industry for innovative contract and project management skills and the successful turnaround of Delhi Airport Metro Express Private Limited.
