Contract management & administration
O B J E C T I V E S O F C O N T R A C T M A N A G E M E N T
Contract management & administration can be defined in many ways but a simple definition
would mean that contract management & administration is a set of tools or activities to ensure
one thing and one thing only – that the vendor delivers what he promised or what you specified
(and he gets paid accordingly for that).
The 4 objectives of Contract Management are basically to ensure:
1. That the scope is being delivered as agreed to the required level of performance &
2. That all the conditions of the contract are met by both parties
3. That all the objectives of the organization for entering into agreement with an outside
source are satisfied
4. The relationship between the 2 parties are open and constructive, so as to avoid
tensions and identify and resolve problems early.
To simplify however, the objectives of contract management can be summarized as:
find the attached file