Contract management maturity
Built Intelligence
EFFECTIVE contract management is essential for civil engineering surveyors responsible for delivering complex projects. However, many organisations struggle with inefficient processes, leading to costly disputes, delays, and missed opportunities for improvement. Built Intelligence offers a comprehensive resource, the Contract Management Maturity Model (CMMM) white paper, that provides a strategic framework for organisations to assess and enhance their contract management practices.
Assessing the current landscape
The first step in improving contract management is to assess the current state of practices within the organisation. The CMMM provides a structured approach for evaluating existing processes. This assessment helps identify strengths, weaknesses, and areas for growth, enabling surveyors to set targeted goals for improvement.
Envisioning the future
Effective contract management is essential for civil engineering surveyors responsible for delivering complex projects. However, many organisations struggle with inefficient processes, leading to costly disputes, delays, and missed opportunities for improvement.After assessing the current state, defining a vision for contract management excellence is critical. The CMMM helps surveyors align their objectives with industry benchmarks, ensuring that the organisation is strategically moving towards best practices. This future-focused approach allows teams to establish clear pathways toward achieving excellence in contract management.
Charting the path to maturity
At the heart of the white paper, it outlines four stages of progression:
- Initial stage: Basic contract management with limited structure or oversight.
- Managed stage: More structured processes with defined roles and responsibilities.
- Defined stage: An integrated approach where contract management is woven into team workflows.
- Optimised stage: A mature organisation leveraging technology and data to achieve superior performance.
This model provides a practical guide for civil engineering surveyors to navigate their organisations through these stages, systematically improving contract management practices.
Integrating practices and enhancing collaboration
Effective contract management requires breaking down silos between different teams and integrating practices across the project lifecycle. This integration promotes better communication and collaboration, leading to improvements in project speed, quality, and reliability.
Technology as a catalyst for improvement
Effective contract management requires breaking down silos between different teams and integrating practices across the project lifecycle. This integration promotes better communication and collaboration, leading to improvements in project speed, quality, and reliability.
Technology plays a crucial role in enhancing contract management practices. Contract management software supports streamlined processes and better oversight. The white paper highlights the importance of integrating such technology into broader business systems to improve efficiency and effectiveness.
Continuous assessment
Ongoing evaluation is essential for maintaining and advancing contract management maturity. The white paper includes tools like radar charts to help organisations monitor their progress across various competency areas. Regular assessment ensures that practices remain relevant and effective as industry standards evolve.
Benefits of mature contract management
Organisations that advance their contract management maturity can achieve several benefits, including improved risk management, enhanced compliance, and cost optimisation. Effective contract management leads to better project outcomes and stronger client relationships.
A call to action for civil engineering surveyors
Our CMMM white paper provides a clear blueprint for civil engineering surveyors to elevate their contract management practices. By assessing current practices, setting future goals, and following a structured roadmap toward maturity, surveyors can drive better project outcomes, reduce risk, and enhance overall performance.
We encourage CICES members to explore this model and use the tools provided in the white paper to guide their contract management journey. The future of contract management is here, and those who seize this opportunity will lead the industry with confidence and excellence.
Built Intelligence
To download the Built Intelligence Contract Management Maturity Model white paper, visit www.builtintelligence.com/contract-maturity-model.