What if today’s construction contract management headaches could be a thing of the past?
As many construction companies discovered with the upheavals and supply chain issues that resulted from the COVID-19 pandemic, a lot of risk is buried in contracts. Contract terms that might have been missed or deemed unlikely to be invoked can become big problems. Sometimes it can seem like staying on top of construction contract management is an impossible task.
To pinpoint what makes construction contract management so tough, Crowe consultants embarked on a listening tour with construction leaders across the country. In these focus groups, dozens of industry leaders shared their contract woes – and their wishes for something different.
Our big takeaway? Construction contract management is a risk-ridden and time-consuming task that can distract companies from what they do best – their trade. Even more, gaps in communication, process issues, and human error potentially can lead to costly disputes. Especially when it comes to navigating contract risks, many construction leaders lack the time or tools needed for thorough review.
We pulled 10 common challenges about the contract management process out of our focus groups. Then we designed a solution that addresses each of these pain points: Crowe Contract Manager for construction, a software solution that tackles the uncertainty of contract risks while streamlining the whole process.
Take a look at 10 common challenges construction industry peers reported about construction contract management – and learn how Crowe Contract Manager for construction can address each obstacle.