The Contract Management System (CMS) allows the contract officer to enter the basic contract information BOQs (or contract items), contractual dates, and deliverables. Such information includes a project code, a contract reference, a short description, a category and sub-contracts, contract planned and actual start/end dates, an original value, VAT, taxes, advance payment recovery, and links with the Chart of Accounts for advance payments, retentions, discounts, and expenses.

• Manages bank guarantees related to advance payment & performance securities.
• Once the contract items are confirmed and approved, any alteration on the contract item will be processed through a variation order. For proper control and auditing purposes, the system differentiates between contract items on the original contract and those incurred due to variation orders.
• All "Payment Certificates" are linked with reported actual progress against defined contract items, which are the essence of the "Contract", and actual "retentions" and "deduction" against advanced payments.
• System identifies the schedule of the deliverables and provides management reporting in terms of project progress per period, progress to date, percentage of completion, and estimated date of completion.
• Manages project cash flows per contract of different components.
• Manages project budget and provides automatic reporting to management when variations between actual and budgeted (forecasted) figures go beyond a certain percentage.

RockWise CEMIS Contract Management System sample screen shots