Concepts and Theories of Contract and Dispute Management Techniques in Modern Commercial Construction Environment

Coursework 1
Discussion Topic
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INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
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INTRODUCTION
A construction contract is mainly a legal on mutual binding agreement between two parties
which is based on conditions and policies which is recorded in documented form. The main
purpose of this contract is to set obligations for parties which helps in reducing the risk and
accomplishing goals in efficient manner in a workplace (Bakare, 2021). With the help of dispute
management system one can resolve disputes between parties efficiently and can build a positive
work environment. Present report discusses the concept and theories of contract administration
techniques and distribute management techniques along with their application.
MAIN BODY
To understand the concepts and theories of contract administration techniques and know how
these may be applied in the specific area of a modern commercial construction environment.
Contract administration is defined as the management of contract between employer or
client and the building contractor. It is essential for contract administrator to efficiently manage,
negotiate support and execute the contract process in a well-defined and effective manner. There
are various forms of techniques and tools of contract management such as contract change
control process in which proper documentation communication tracking of system and dispute
resolution procedures is included (Gunduz and Elsherbeny, 2021). It helps in managing overall
contract in efficient manner. Furthermore, it has been evaluated that a different concepts and
theories of contract management such as having efficient skills such as leadership interpersonal
team working which helps in conducting operations in modern commercial construction
environment. With the help of application of contract management theory, improving efficiency,
ensure workers safety and implementing sustainable practices and with the help of organisational
behaviour automation and process improvement technologies application in modern commercial
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