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Understanding How Information Technology Can Help in Contracts Management
Abstract
Contracts management is a multi-stage process involving all parties related to a contract. It ensures that all stated objectives are met, and timelines adhered to corresponding to project execution and delivery. The fundamental premise of contracts management is to ensure quality, compliance, and cost optimization. There are several forms of contract each with its own unique features and applications. In this chapter, the authors focus on how information technology can be used to aid in supervision of contracts, materials management, survey, and design management. They also discuss the role of smart contracts and the underlying blockchain technology that is used as the basis for making smart contracts work.
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