Contract Management Simplified

The transition from NEC3 to NEC4 contracts is ongoing, but due to the gradual pace, many businesses in South Africa are still utilizing NEC3 for their projects. The National Treasury’s e-tender portal also continues to send out opportunities primarily based on NEC3, reflecting its continued relevance and use. However, as the industry increasingly shifts toward NEC4, it's critical for businesses, especially small to medium-sized enterprises (SMMEs), to keep up with these changes. Even though NEC3 is still widely used, getting familiar with NEC4 now ensures you won’t be left behind when business complete their transition to the updated contracts. By proactively training in NEC4, SMMEs can maintain competitiveness, aligned with evolving industry standards. For those looking to expand their knowledge or prepare for NEC4, go to NEC Contracts website at www.neccontract.com make informed decisions and stay ahead of industry 🚧. #ContractManagement #ConstructionIndustry #BusinessPreparedness #NEC3 #NEC4 #ContractManagementSimplified #Procurement #SMME

Today, on Global Ethics Day, we reaffirm our commitment to upholding the highest standards of integrity and accountability in the engineering profession. Ethical practice is the foundation of sustainable innovation and public trust. At ECSA, we strive to ensure that the engineering fraternity contributes responsibly to society, protecting the public interest through ethical decision-making. Together, let's build a future rooted in trust, excellence, and ethical engineering! #GlobalEthicsDay #EthicalEngineering #IntegrityInAction #ECSA #EngineeringExcellence #SustainableInnovation

1 day to go 🚨🚨🚨 👷🏽Join Lesego Mphirime, Contract Management Simplified in partnership with Scale-up Women in Business Summit webinar: Managing Non-Payment in NEC3 & FIDIC Contracts – A Practical Guide 📢 📅 Date: 24 October 2024 🕒 Time: 09:00 – 13:00 💻 Platform: Zoom 💸 Price: R650 per person 🚨 Early Bird Special: First 10 registrants at R450 (use code: Masterclass) Non-payment issues can cause serious disruptions in any project, whether you’re a service provider waiting on payments or an employer managing cash flow. Join us for an exclusive workshop to gain insights on managing these challenges effectively under NEC3 and FIDIC contracts. 🔑 What You’ll Learn: - Key contract clauses related to non-payment - Real-world lessons from court rulings - Practical strategies to handle payment disputes - How to maintain transparency and healthy business relationships Register now: https://lnkd.in/d_W7rwHn #ScaleUpWomenSummit #ContractManagementSimplified

The National Treasury’s 2024/25 First Quarter Report (released 13 September 2024) highlights a significant issue: as of 30 June 2024, R6.6 billion in invoices from national and provincial departments remained overdue by more than 30 days, and R14 billion worth of invoices were only paid after 30 days. The reasons behind these delays vary, with disputes over invoices being a significant cause. Other contributing factors include inadequate budgets, system challenges, unresolved Supply Chain Management (SCM) issues, and internal control deficiencies. For contractors, particularly Small, Medium, and Micro Enterprises (SMMEs), timely payments are critical. Delays disrupt cash flow, affect payroll, and hinder the ability to meet contractual obligations. In worst cases, late payments can push businesses into debt or closure, increasing South Africa’s challenges of unemployment and poverty. For employers in both the public and private sectors, complying to payment terms is vital for project success.Late payments can result in project delays, disputes, and a breakdown of business relationships. As part of the solution, we are working to educate business leaders and professionals on their contractual rights especially Construction Contracts. By understanding these rights, we can unlock solutions to resolve disputes and avoid delays caused by unresolved issues. 💬 Join the conversation: How do late payments impact your business, and what solutions are you implementing to improve the current system? #ContractManagement #BusinessSustainability #PublicSector #SouthAfrica #SME #Procurement #ContractRights #ContractEducation #ContractsManagementSimplified #CMS

After doing all the work, one need not struggle with unpaid invoices. The construction industry plays a critical role in economic growth, bringing together professionals from logistics, engineering, maintenance, safety, legal, and many more fields. However, it can be incredibly frustrating when your hard work isn’t compensated. This Thursday 24th October, we’re holding a masterclass on managing non-payment and understanding your rights. Whether you're a business owner, contractor, or project manager. I look forward to seeing you there. Register here https://lnkd.in/deBXPKQA #ConstructionIndustry #ContractManagement #Masterclass #Support #NEC #FIDIC #InvoicingSolutions

Lesson: The Power of Timely Notification Did we issue the right notification within the required timelines allowed by the contract? In any contract, especially under NEC or FIDIC, notification is where everything begins. Often, disputes arise because a critical step was missed. The importance of timely and accurate notification can't be overstated—it sets the stage for how the rest of the process unfolds. It preserves your rights, allows for early resolution, and avoids unnecessary complications. For this week, let’s ensure we stick to this principle and prioritize timely notifications. Happy contracting! 👷♂️📑 #ContractManagement #NEC #FIDIC #ProjectSuccess #ConstructionLaw #TimelyNotification #procurementleader #ContractManagementSimplified

It’s not just about compliance; it’s about giving you the confidence to manage contracts without the headache. Because when you understand your contracts, you’re not just ticking boxes – you’re driving project success. Let’s make contract management simple and stress-free. Yes, You Can take control #ContractManagement #ConstructionProjects #SimplifiedSolutions #ConfidenceInContracts #ProjectSuccess #Contractsimplified #ContractManagementSimplified

👷🏽Join Lesego Mphirime , Contract Management Simplified in partnership with Scale-up Women in Business Summit webinar: Managing Non-Payment in NEC3 & FIDIC Contracts – A Practical Guide 📢 📅 Date: 24 October 2024 🕒 Time: 09:00 – 13:00 💻 Platform: Zoom 💸 Price: R650 per person 🚨 Early Bird Special: First 10 registrants at R450 (use code: Masterclass) Non-payment issues can cause serious disruptions in any project, whether you’re a service provider waiting on payments or an employer managing cash flow. Join us for an exclusive workshop to gain insights on managing these challenges effectively under NEC3 and FIDIC contracts. 🔑 What You’ll Learn: - Key contract clauses related to non-payment - Real-world lessons from court rulings - Practical strategies to handle payment disputes - How to maintain transparency and healthy business relationships Register now: https://lnkd.in/d_W7rwHn #ScaleUpWomenSummit #ContractManagementSimplified

Do you know the payment procedures in your contract? 🤔 Courts always stick to the contractual obligations when resolving payment disputes, and failure to follow these procedures could cost you. 🚫💸 The Mangaung Municipality v. Maluti Plant Hire case is a perfect example. Join our upcoming webinar, where we’ll cover: ✅ Payment procedures in NEC3 and FIDIC contracts ✅ How to avoid common mistakes that lead to litigation ✅ Practical steps for handling non-payment issues before they escalate. register here https://lnkd.in/dNjH4qUm #Webinar #ContractManagement #ConstructionLaw #PaymentDisputes #AvoidLitigation #BusinessSuccess #CashFlow