{"id":2907,"date":"2021-02-15T12:01:41","date_gmt":"2021-02-15T12:01:41","guid":{"rendered":"https:\/\/www.remi.edu.in\/blog\/?p=2907"},"modified":"2021-02-17T12:43:52","modified_gmt":"2021-02-17T12:43:52","slug":"the-importance-of-relationship-management-in-construction-contracts","status":"publish","type":"post","link":"https:\/\/uat.remiol.com\/blog\/the-importance-of-relationship-management-in-construction-contracts\/","title":{"rendered":"The Importance of Relationship Management in Construction Contracts"},"content":{"rendered":"\r\n
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Manoj Nair<\/p>\r\nPartner – SVM Contract Consultants <\/cite><\/blockquote>\r\n\r\n

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Relationship Management in Contracts can be defined as developing a constructive, co-operative and collaborative working arrangement with your Contractor, with an objective to achieve the intended contracting goals and establishing a long-term partnership with your contractor\/supplier\/vendor (for the sake of brevity hereinafter referred to as \u201cContractor\u201d).<\/p>\r\n

Have you ever wondered why Contractors are called by organizations as partner\/s or strategic partner\/s. A partner is someone who shares your goals and objectives. If you win, your partner wins and if you fail your partner fails. The same is applicable in a reverse scenario where your partner (vendor) fails or becomes bankrupt \u2013 it will have a substantial impact on your on-going project.<\/p>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n

Relationship Management is one of the key ingredients in achieving success in your contracts (the others being setting up a Contract Management Team, Managing Service Performance and Contract Administration). The chances of your contract being successful is based on a few areas:<\/p>\r\n\r\n\r\n\r\n