What is meant by Subcontractor Management?
"Subcontractor management" refers to the administration of external service providers or contractors engaged by a primary company to perform specific tasks or projects. This includes selection, contract negotiations, coordination, monitoring, and evaluation of subcontractor performance.
Typical functions of software in the field of subcontractor management can include:
- Supplier management: Managing contact information, contracts, and certifications of subcontractors.
- Assignment and tracking of orders: Assigning tasks to subcontractors and tracking progress and adherence to schedules.
- Performance monitoring and evaluation: Monitoring subcontractor performance based on predefined KPIs and evaluating their work.
- Contract management: Managing contracts, payments, and legal agreements with subcontractors.
- Communication and collaboration: Providing communication channels and tools for collaboration between the primary company and subcontractors.
- Risk management: Identifying and assessing risks associated with subcontractor work and implementing measures to minimize them.
- Reporting and analysis: Generating reports and analyses on the performance and efficiency of subcontractors to make informed decisions and optimize processes.