Contract Management Guide - ENGINEERING MANAGEMENT

Contract Management Guide Introduction and scope: This guide is intended to cover all those activities associated with contract ma...

Contract Management Guide

Contract Management Guide
Contract Management Guide

Introduction and scope:
This guide is intended to cover all those activities associated with contract management from the establishment of the business case and the confirmation of need, through contract administration and relationship management to the review of contract performance.

The activities themselves are divided into two distinct but interdependent phases, upstream and downstream of the award of the contract.

The guide is generic in that its principles are intended to be applicable to all contracts from a simple order, through framework contracts to complex construction or service contracts, and it should be seen as equally applicable to contracts in the private as well as the public sector.
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Contract management is the process of systematically and efficiently managing contract creation, execution, and analysis for maximizing operational and financial performance and minimizing risk.

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