Financial contract management



Financial contract management is required for non-stop functioning of a company. Its importance is defined by execution of payments, completion of works, and execution of obligations within the defined terms.

Limited Liability Company “PM smart consulting” provides the following services for «Financial Contract Management»:

Our employees have a vast experience of insider work in legal departments of companies in various economics fields. More information on «Financial Management» you can find following this link.

“Enjoy what You like, we will take care of the rest of Your business”.

With love to our job and every Client.

Full financial contract management of a company

It is extremely important for a company to have efficient financial management. But presence of a financial team is not always economically feasible; or sometimes it is quite difficult to hire a skilled specialist to do financial contract management. In this case, our Clients hire our team.

We are professionals and some of us have financial education. We have worked a lot inside of large corporations on leading positions in financial departments. Our Clients turn to PMsmart to get expert support in financial contract management.

Our main goal is to guarantee completion of contractual obligations in due terms, acceptance of works, receipt of all payments and execution of all contractual payments, minimization of risks related to fines and penalties.

Full-scale financial contract management we provide to our Clients includes all company agreements:

  • contracts with;
  • agreements with contractors for your works;
  • agreements with contractors for business life support (office rent, stationery, insurance, etc.).

PMsmart provides the following financial contract management services:

PMSMART FINANCIAL CONTRACT MANAGEMENT SERVICES
  • elaboration of the financial part of contracts:
    • payment schedule;
    • detailed smeta;
    • assistance in preparation of specification, time schedule, main body of the agreement (in financial part);
  • verification, control, approval of works/services/goods to be accepted (by act of acceptance and/or bill of ladings);
  • preparation and issuing of necessary accounting documents;
  • verification, control, approval of payments due;
  • verification, control, examination of additional works/services to be priced, preparation on necessary fee proposals;
  • collecting, checking, analysis of Subcontractors’ fee proposals;
  • adjustment or preparation of necessary appendices of contract / additional agreement:
    • payment schedule;
    • smeta;
    • assistance in preparation of specification, main body of the agreement / additional agreement and other related appendices to ensure their correlation;
  • correspondence and communication with the Clients and the Subcontractors;
  • definition of the possible penalties and potential profitability;
  • assisting in preparation of necessary official letters (in financial part).

Business size can be various and we will find the most efficient working scheme for every Client.

Many Clients have already committed to have financial contract management by PMsmart team.

Trust us, and we will lead you to success.

And remember…

“Enjoy what You like, we will take care of the rest of Your business”.

Financial contract management of specific projects

Many companies are project oriented, some see large orders as separate projects, others identify each client as a project. Sometimes a large project for your business can come up among other standard projects. In this case, detailed financial contract management of specific projects is a necessity.

We are professionals and some of us have financial education. We have worked a lot inside of large corporations on leading positions in financial departments. Moreover, our employees have experience in project-oriented companies and we have project management experience. Our Clients turn to PMsmart to get expert support in financial contract management.

It is important to note that each project is unique. It includes complex interaction between all participants: investors, Client, executors, and other parties. Your company can be the only executor (service provider) or share this function with other companies.

Often companies subcontract some parts of their work: to legal entities and/or individuals. This format requires control over execution of your contract obligations. PMsmart provides detailed financial contract management.

Our main goal is to guarantee completion of contractual obligations in due terms, acceptance of works (executed services, delivered materials and equipment), receipt of all payments and execution of all contractual payments, minimization of risks related to fines and penalties.

PMsmart provides the following financial contract management services for specific projects:

PMSMART FINANCIAL CONTRACT MANAGEMENT SERVICES FOR SPECIFIC PROJECTS
  • elaboration of the financial part of contracts:
    • payment schedule;
    • detailed smeta;
    • assistance in preparation of specification, time schedule, main body of the agreement (in financial part);
  • verification, control, approval of works/services/goods to be accepted (by act of acceptance and/or bill of ladings);
  • preparation and issuing of necessary accounting documents;
  • verification, control, approval of payments due stipulated in the Project Contract;
  • verification, control, examination of additional works/services with respect to the project to be priced, preparation on necessary fee proposals;
  • collecting, checking, analysis of Subcontractors’ fee proposals, which are involved in the Project;
  • adjustment or preparation of necessary appendices of contract / additional agreement:
    • payment schedule;
    • smeta;
    • assistance in preparation of specification, main body of the agreement / additional agreement and other related appendices to ensure their correlation;
  • correspondence and communication with the Clients and the Subcontractors of the project;
  • definition of the possible penalties and potential profitability of the project;
  • assisting in preparation of necessary official letters (in financial part) with respect to the project.

Business size can be various and we will find the most efficient working scheme for every Client.

Many Clients have already committed to have financial contract management by PMsmart team.

Trust us, and we will lead you to success.

And remember…

“Enjoy what You like, we will take care of the rest of Your business”. 

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