Managing the contract and building relationship
Once you have been notified that your tender is successful and have been awarded the contract, it is important to meet all requirements and manage the contract effectively.
It is important to maintain ongoing and open communications and dialogue with the contracting organisation, so that you can build a strong and sustainable working relationship. By building a relationship and having open communication channels, the chances of conflict or misunderstanding is reduced. Further, if any issues were to arise, it is easier to work through these amicably. For example, if changes need to be made to the contract, or you require an extension to meet the requirements, a strong working relationship will help make such negotiations and discussions an easier and simpler process.
In order to build a positive reputation, it is important to adhere to the contract conditions. By delivering your products and services on time, meeting all requirements, and performing to a high standard, you will build an image as a reputable, capable and trustworthy organisation. This will enhance your reputation in the market, as well as increase your chances of continuing business with the contracting organisation. If they believe that you are reliable, then they are more likely to keep your business in mind when future prospects and opportunities arise. Organisations are more willing to work and contract with other organisations that they trust and are familiar with. If they are confident with using the services of your business, then they are more likely to choose you over other competitors.
Further, by being a dependable business and meeting all requirements, then there is less chances for conflicts or disputes to arise, and you are less likely to face issues such as non-payment, part-payment or termination of contract due to dissatisfaction by the other contracting party.
Note that a contract is a binding document, so you are obligated to legally comply with the terms and conditions stated, and meet your responsibilities within the contract. The same goes for the other contracting party. They are also bound by the terms of the contract and are required to uphold their obligations.
It is important to maintain ongoing and open communications and dialogue with the contracting organisation, so that you can build a strong and sustainable working relationship. By building a relationship and having open communication channels, the chances of conflict or misunderstanding is reduced. Further, if any issues were to arise, it is easier to work through these amicably. For example, if changes need to be made to the contract, or you require an extension to meet the requirements, a strong working relationship will help make such negotiations and discussions an easier and simpler process.
In order to build a positive reputation, it is important to adhere to the contract conditions. By delivering your products and services on time, meeting all requirements, and performing to a high standard, you will build an image as a reputable, capable and trustworthy organisation. This will enhance your reputation in the market, as well as increase your chances of continuing business with the contracting organisation. If they believe that you are reliable, then they are more likely to keep your business in mind when future prospects and opportunities arise. Organisations are more willing to work and contract with other organisations that they trust and are familiar with. If they are confident with using the services of your business, then they are more likely to choose you over other competitors.
Further, by being a dependable business and meeting all requirements, then there is less chances for conflicts or disputes to arise, and you are less likely to face issues such as non-payment, part-payment or termination of contract due to dissatisfaction by the other contracting party.
Note that a contract is a binding document, so you are obligated to legally comply with the terms and conditions stated, and meet your responsibilities within the contract. The same goes for the other contracting party. They are also bound by the terms of the contract and are required to uphold their obligations.