Contractor management refers to the managing of outsourced work performed for a private company. It's progressively common for industries to rely on independent contractors for specialized skills and data.
Features of Contractor Managements • Financial stability • Safety and health obligation • Environment protection program • Insurance coverage and limits.
Elements of Contractor Management • Dispute between two parties are rare. • Contract is full of compliants and meet the both legislative and audit need. • Both parties know their commitment under the contract.
Benefi ts….. • Cost saving • Continuous improvement help in reducing risk. • Help in making better client relationships. • Aware with contract compliance, regularitory.
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Published on Dec 1, 2016
Learn about what is contractor management, its features and read what are the elements of contractor management and its benefits. The contra...