Omega 365 - Contract Management Software
The Contract Management product registers, maintains, and tracks project commitments, including contracts, sub-contracts, purchase orders, framework agreements, and call-offs.
Within a project, it`s important to have a clear overview of all contracts and the information they contain. The Contract Management product provides this overview, offering unique control over categorized commitments, contract variations, milestones, implementation plans, and actuals.
By using this product alongside the Cost Management product, you gain both a high-level project overview and detailed insights into each contract within the project.
A Toolbox for Contract Follow Up in a Project
- Contract Forecast and Commitments
- Contractor Baseline Management
- Contract Cost and Progress Status
- Cash Calls Control
- Milestones
- Tracking Variation Orders
Contract Forecast and Commitments Breakdown
By tracking contract forecasts and all related commitments, the system helps build a solid foundation for your overall project forecast. Procurement and cost engineers can collaborate within the same system, allowing them to manage both commitments and the funding of each commitment effectively.
Track Cost and Progress Plans and Actuals for the Contracts
With contractor plans and actuals, the project can monitor and ensure expected progress and costs. Any deviations from the plan can be identified early, allowing for timely corrective actions to mitigate potential issues.