Identify Contract Management Team Responsibilities in Asset Recycling
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On this page: Find the key responsibilities of the contract management team. Read more below, or visit the Guidelines for Implementing Asset Recycling Transactions section and Content Outline, or Download the Full Report.
The contract management team should be headed by a project manager. The project manager should be an employee of the Relevant Authority, not an external advisor, and should have sufficient authority to carry out the role effectively. The key responsibilities of the contract management team should include: Developing and implementing the contract management plan. Ensuring that both parties meet their contractual obligations and ensuring performance specifications are achieved. Monitoring private sector performance and enforcing remediation steps where necessary. Administering institutional obligations and protect institutional rights in the contract. Managing risks and preventing and/or resolving disputes; and Managing approved changes/variations.
Useful Links
- Establishing Contract Management Structures
- Partnerships Victoria Guidance Material: Contract Management Guide
- Serving the Community By Using the Private Sector: A User Guide to Contract Management
- The Municipal Public-Private Partnership Framework - Module 12: Contract Management
- Managing PPP Contracts
- Dealing with Change
The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions To find more, visit the Guidelines to Implementing Asset Recycling Transactions Section Overview and Content Outline, or Download the Full Report.
Updated: October 2, 2023
TABLE OF CONTENTS
I. GUIDELINES FOR IMPLEMENTING ASSET RECYCLING
3. Guidelines for Asset Identification
6. Financing Options/Instruments
• Understand the Stakeholders and the Contracts in Asset Recycling
• Establish the Contract Management Team in Asset Recycling
• Identify Contract Management Team Responsibilities in Asset Recycling
• Develop the Contract Management Plan in Asset Recycling
• Monitoring and Reporting Strategy in Asset Recycling
• Performance Monitoring Process in Asset Recycling
• Penalties for Non-delivery in Asset Recycling
• Hand-back Procedure in Asset Recycling