Contract management is a key skill for anyone who wants to pursue a career in the contracting industry. It’s an essential skill for any business owner to have, especially if they want to gain greater control over their company’s expenses and resources. Whether you’re looking to start your own contracting business or expand your current firm, we can help you find a contract management company that will work with you to achieve your goals. To help you get started choosing the right company, here are some of the best contract management companies in Australia. Read on to learn more about each of them!
What is Contract Management?
The idea of outsourcing contracts and managing them on a contractual basis is relatively new. The term “contingency contracting” was first used in the 1980s and is now used almost universally. Contingency contracting is when a business hires additional personnel to assist with routine or heavy workloads that would otherwise require full-time personnel. Contingency contracting’s prime use has been in the oil and gas industry, where contract staff have been used to help with drilling, completion, and transportation projects. However, the concepts of contingency contracting can be applied in any industry where business needs extra help with routine or heavy workloads.
Why Choose a Contract Management Company?
When searching for a contract management company, you’ll likely want to look for a company with a track record of successfully managing large, complex projects. This can be a great way to get an idea of the company’s experience and track record. A good way to find a contracting company that fits your needs is to browse through our listings and see what other clients have to say about their experience with the company. You can also use the search box at the top right-hand corner of this page to search for a company based on past work or available services.
List of Top 5 Contract Management Companies in Australia
As you can see from the list, there are many different types of contracting companies that can help you to complete your job. Here are the top five contracting companies in Australia according to existing client reviews:
1. The Pacific Group
2. Stellium Group
3. Bluechip Contracting Pty Ltd
4. Ambit Contractors Pty Ltd
5. Triton Contracting Pty Ltd
The Importance of Good Contracting Practices
One of the most important factors when choosing a contracting company is to ensure that the company is following proper contracting practices. Here are some of the most important things you’ll want to look for when it comes to contracting practices:
Dated Contracts: You don’t have to be a teenager to spot a dated contract. It’s when the company starts using phrases like “as of” and “at” instead of using the definite article “the ” when discussing the terms of a contract: You don’t have to be a teenager to spot a dated contract.
Highhandedness: High Handedness is when a contractor goes beyond what it take to complete the project. And attempts to take over aspects of the project management such as hiring staff or purchasing equipment.
Key Takeaway
Contingency contracting is a relatively new way to hire staff for large-scale projects. It’s been around since the 1980s and is now one of the most common forms of contracting in the industry. There are many different types of contracting. And the key differentiator between them is the level of control a client has over the contractor.
A good way to determine if a contractor is right for you is to conduct a due diligence search. For more information on choosing a contractor, read our article on how to do due diligence on contractors.
