Aliu Nefishetu Faith, Anigbogu, S.O, Achuenu Anthony Chukwuemeka
Electronic contract is a contract modeled, specified, executed and enacted (controlled and monitored) by a software system. The conventional method of managing contracts involves risk and chaos which include inadequate information about the contracts; poor delegation of authority and responsibility; fraud, theft, corruption etc. Indeed, these and other unethical activities delay prompt financial decisions regarding the contracts thereby affecting effective execution of projects. The new system developed is an enhanced e-contract profiling system for government projects which can improve the management of government contract, thereby ensuring transparency, effective monitoring, control, fair selection of bidders, central storage of contract document, reduced cost of transactions and increase efficiency. The software development methodology for this work is object oriented hypermedia methodology and the programming language used is PHP; with MYSQL as the database at the back end. The system developed can recommend a contractor for a project and also profile the percentage of completion of contracts when awarded.
E-Contract System