2. Explain the contract to the entire project team, so that each team member can take ownership of it.
The contract manager can summarize the entire contract for the project team, indicating the most important sections.
2.1 Financial and legal aspects
payment must include advance payments as a precondition for starting work;
payment must include intermediate milestones to keep the contractor cash-flow neutral/positive;
It's also advisable not to make any further payments after delivery (use a bank guarantee instead).
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Explain the contract to the entire project team, so that each team member can take ownership of it.
Implementing and understanding contract risk and opportunity management
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