TeckWiz’s contract renewals stage allows counterparties the opportunity to address potential issues with the previous contract and renegotiate more favorable terms. Most contracts include renewal provisions, but it's essential to prepare ahead of time by checking for standard clauses and terms that may have been updated since the original contract execution. Organizations can automate contract renewals to stop inundating their legal teams with document review and - instead - afford them time to focus on providing valuable counsel and risk assessment.
Contract creation is very important for businesses of all sizes. Organizations have contracts dispersed among various business entities. TeckWiz’s Contract creation and drafting software can be a powerful tool to assist in the lifecycle of contract management.
The role of the Contract Administration is to ensure the full and effective execution of building contracts between the employer and the contractor. TeckWiz specialists add value in the Contract Administrator role thanks to our professional experience and our proactive approach.
As part of our general contract negotiation process, Corcentric will provide ongoing contract monitoring and contract management services to ensure you and your suppliers stay compliant. Our contract negotiation services include a thorough review of the proposed contract.