Washington Advisory and Service Contract - Management Contract

State:
Multi-State
Control #:
US-CC-11-235J
Format:
Word; 
Rich Text
Instant download

Description

This is an Advisory and Service Contract, to be used across the United States. It is a Management Contract between investment company and investment adviser.
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  • Preview Advisory and Service Contract - Management Contract
  • Preview Advisory and Service Contract - Management Contract
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FAQ

What should a contract management plan include? Deliverables and benefits that will be realised by the contract. Clear definition of what's in and out of contract scope. Budget details, including payment terms and conditions. Definitions of industry or company acronyms or terminologies.

People and skills The contract manager must understand the scope of the contract, the pricing mechanism, the service levels/deadlines, monitoring periods and governance processes. They should always apply best practice and legal principles.

Service contract management is a practice where the stakeholders agree on a mutual definition of what services should be provided, as well as the expected standard of quality.

18 Must-Have Features for a Contract Management System Easy-to-Use Dashboard. Intuitive Configuration. Central Contract Repository. Document Storage and Organization. OCR/AI. Automated Alerts. Monitoring and Reporting. Version tracking.

However, the primary activities can be divided into four main components. Establishing governance and the contract management team. Planning, establishing, and executing contract administration. Relationship management. Performance management.

In Washington, the first element that must be included in a contract in order for it to be legally binding is an offer. Then there must be acceptance. If there is no acceptance, there is no contract.

A contract management system handles the entire contract lifecycle, from creating the contract, negotiating terms, signing, performance and termination. It automates, manages and tracks each stage of the contract lifecycle.

Some of the most useful types of contracts in project management are fixed priced contracts, cost reimbursement contracts and time and materials contracts. Other types of contracts are implied contracts, unit price contracts, unilateral contracts, express contracts and bilateral contracts.

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Washington Advisory and Service Contract - Management Contract