Royal Oracle

Contract Management Service

At Royal Oracle we offer advisory service to help clients select the most appropriate contracting strategy to best mitigate risks identified when procuring specific goods and services. This involves identifying and selecting the most appropriate contractual agreements with customers, vendors, employees, and other third parties for the purpose of maximising financial and operational performance, and minimising risk and cost.

Our extensive experience construction industry gives us the unique capability to provide best practice tips and guidelines on how to:

*actively monitor and control relationships between the service provider/contractor and your organisation; and
*ensure the delivery of a cost effective and reliable service at an agreed price and standard.

We assist clients to develop and implement contract management systems to help their business/projects:

*put effective evaluation and selection procedures which ensure that the contract is awarded to the right product or service provider who can meet their objectives, in return for a reasonable margin.
*ensure that appropriate form of contract is selected which includes aspects such as allocation of risk, the quality of service required, and value for money mechanisms, as well as procedures for communication and dispute resolution.
*put in place performance measures under the contract to ensure that stakeholders continue to get value for money.
*to build mutual trust and understanding, openness, and effective communication which are key for the fulfilment of the formal contract terms and conditions.
*formulate contract terms which ensure improvements in price, quality or service.
*appoint personnel with the right interpersonal and management skills, who understand the business fully and know the contract documentation required to meet the requirements of customers.
*develop contracts which accommodate change to terms and scope requirements.
*promote proactive management practice to anticipate and respond to business needs of the future.

Royal Oracle also offers contract audit services to check for contract compliance. Our team has experienced and accredited contract specialists who are certified by reputable institutions recognized worldwide. We conduct expert and independent review of contracts to provide assurance that progress is being made in line with agreed time frames and towards providing the contract deliverables.

Risk Management Service

clients identify, assess and control uncertainty to improve the chance of achieving project success. We rely on extensive industry experience from our professionals to assist clients formulate and implement risk management processes which are built around ISO 31000 Risk Management framework.

Our continuous improvement reviews help provide clarity and objective risk assurance which help our client address the needs of their target market. It also allows businesses to benchmark their risk control measure against the ISO 31000 risk management framework with a view to deliver practical and auditable measures. Research shows that most client view risk management as a complex and daunting subject, yet evidence shows that organizations that fully embrace risk management in their business strategy are highly likely to meet their business objectives.

Royal Oracle aim is to simplify area of risk management and to assist our clients with the appropriate risk management tools, irrespective of the size of the business or project. The risk management service and tools we offer are tailor made and flexible to accommodate diverse needs of our clients.

The key stages to our approach are detailed below:

Training

Royal Oracle also offers online and face-face training for stakeholders who need to understand the basic principles of risk management. The course is ISO 31000 based and is customized to suite various industries/sectors.

Why is Risk Management important?

Governance and assurance

Providing valuable assurance to internal and external stakeholders that the business/project is under control: that business/project team understand the key risks and have plans in place to manage them.

Performance