|
Contract Management is the process of systematically and efficiently managing contract development, implementation, and administration for maximizing financial and operational performance and managing inherent risk.
Contract management encompasses the life cycle of a contract and involves many stakeholders including, but not limited to the contracting officer, the client department and the supplier.
Contract management can be divided into four distinct phases:
- Pre-contractual (planning)
- Contracting (bidding and awarding of contract)
- Contract Administration (after the contract is awarded)
- Post-Contractual (close out, warranty and audit)
In general, the level of effort required for contract management will vary depending on the value and complexity of the procurement. During this webinar, We will cover various issues in Contract Management including Amendment of Contract, Breach of Contract & Dispute Resolution.
In addition the emphasis will be placed on receipt, storage and issuance of materials. The last link of Contract Management chain is payment to suppliers. Under this we will cover Payment Terms and Mode of Payment.
|
