Contracting Solutions Overview
BuiltWorlds defines contracting and contract management solutions in the AEC industry as technologies designed to streamline the creation, execution and oversight of contract documents throughout a project’s lifecycle. These solutions facilitate clear communication between owners, contractors and subcontractors by ensuring that contract terms, obligations and modifications are accurately documented and easily accessible. They also provide secure storage, version control and automation features to reduce administrative burden and minimize disputes. By integrating with project management and procurement systems, these tools enhance compliance, track deliverables and improve transparency in contractual relationships. Ultimately, contract management solutions help mitigate risks, enforce accountability and drive efficiency in complex construction projects.
Key Takeaways
- Roughly a fifth of respondents use a contracting…