Assume that you have been appointed by a newly established contractor’s firm called “EC Adams and Partners” to develop a contracts management system for its day to day claim functions. The aim of the initiative is to put the firm in the forefront of information technology for building contract management through improved efficiency, accuracy and minimisation of the amount of functions carried out using manual processing of payments, certifications, variations and change orders. Your task is to prepare a report indicating a business plan proposal for a new building contracts management system for EC Adams and Partners. You should support your answers with examples demonstrating your understanding of the system functions for good contract administration practice as strategies to minimize business risk.