Business Processes Related to Contracting and Management

A business process is an organized series of activities performed by humans or machines in a particular order to achieve a desired goal. Effective, efficient processes enable businesses to manage their work, manage their operations, reach objectives, and deliver the best value to employees and customers.

The business processes associated with contracting and management encompass conceiving, designing, planning procurement, preconstruction, commissioning, and the decommissioning of the project. Each of these steps involves a variety of parties and agreements, contracts as well as milestones, deliverables risks, and responsibilities. They are typically complex and time-consuming. They are also labor-intensive. The success of an initiative is measured by the effectiveness and efficiency of these processes. In addition to allowing projects to be completed on time and within budget, the performance of these processes is directly linked to employee morale and satisfaction of the customers.

At Corcentric We are frequently requested to assist construction firms update their processes with the aim of improving performance. This is done by conducting an in-depth review of the client’s current processes, preparing a proposal outlining how to improve the efficiency of those processes with specific goals (e.g. reducing cycle times, improving quality) and then implementing the new method and reviewing and evaluating its capability to achieve desired outcomes and outcomes.

Business processes that are not optimized can cause bottlenecks throughout the company. The lack of clearly defined, efficient workflows can reduce productivity and create a sense of frustration in the workplace. Poorly developed processes, for instance could cause employees to spend their time searching and completing tasks which could be automated.

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