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What is ConsensusDOCS?

Established in 2007, ConsensusDocs was created through the joint efforts of twenty different organizations in the architecture, engineering, and construction (A/E/C) sector, all sharing a common goal: to transform contract practices in order to protect the interests of projects. To fulfill this mission, the ConsensusDocs Coalition developed a framework built on principles of trust, collaboration, and innovation. As the A/E/C industry landscape evolves, the Coalition actively responds by forming specialized working groups aimed at addressing the changing contract needs of the sector. These groups provide a platform for industry professionals to come together and exchange insights on current trends and best practices, ensuring that the contracts developed remain relevant and effective. Participants in these working groups engage in discussions both online and in person, allowing them to express their opinions on various contract issues while backing up their views with sound reasoning. This collective endeavor not only improves the quality of contracts but also cultivates a spirit of ongoing enhancement within the industry, paving the way for future advancements in contract management. As the industry continues to adapt, the Coalition's initiatives will play a crucial role in shaping its future.

What is AVEVA Contract Risk Management?

Optimizing compliance with contractual obligations while connecting all decision-makers is crucial for protecting substantial capital investments, improving operational efficiency, and increasing profitability during the asset's entire lifecycle. AVEVA Contract Risk Management is specifically designed to meet the unique needs of Prime Contractors and Owner Operators involved in industrial capital projects. By enhancing decision-making processes, protecting financial resources, unifying project teams, and increasing the profitability of key capital investments, it effectively tackles the difficulties encountered in capital project delivery. Since capital projects are often fraught with risks, the comprehensive elements of Contract Risk Management—such as best-practice frameworks, claims handling, and a proactive notification system—promote higher efficiency and complete transparency throughout the project's course, instilling confidence in stakeholders. Additionally, the process of initiating change requests is made easier with the use of pre-approved templates, while tailored workflows guide these requests to the relevant parties for careful consideration and approval. This allows for a detailed evaluation of the consequences stemming from unexpected changes. By employing this organized strategy, potential disruptions are significantly reduced, enabling teams to manage complexities with assurance and thereby securing successful outcomes for their projects. Moreover, this systematic methodology not only supports effective communication but also cultivates a collaborative environment that enhances overall project success.

Media

Media

Integrations Supported

AVEVA Enterprise Resource Management
AVEVA Unified Project Execution

Integrations Supported

AVEVA Enterprise Resource Management
AVEVA Unified Project Execution

API Availability

Has API

API Availability

Has API

Pricing Information

$749 one-time payment
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

ConsensusDOCS

Date Founded

2007

Company Location

United States

Company Website

www.consensusdocs.org

Company Facts

Organization Name

AVEVA

Date Founded

1967

Company Location

United Kingdom

Company Website

www.aveva.com/en/products/contract-risk-management/

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

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