Contracts form the core of any successful commercial transaction. Successfully managing the contractual process will create a win-win situation for all parties involved and, importantly limit the exposure to risk to the Organization. Contract Management and Contract Administration are terms used to describe the processes we use and activities that we undertake in order to ensure that contracts are delivered the way they were intended.
At the end of this module, you will be able to:
Describe the activities that constitute contract management and administration
Discuss the steps involved in vendor performance evaluation process
