CONTRACT MANAGEMENT PLAN FOR THE CONTRACT ACTIVITY NAME. See page 8 of the Guide for Contract Management Planning for. field inspections, monthly assessment of project status, contract administration, deliverable reports, budgetary data, physical inspections, etc.).
Contract Administration: Employee duties relating to Contracts that include functions such as solicitation and Contract development, Contract renewals and extensions, the receipt, review and retention of Contracts and Contract related documents, and the exercise of Contract remedies for breach.
Contract Administration Our team of Chartered Building Surveyors believe that delivering quality projects on time and to budget should be a given, so we won't reiterate that here. We take responsibility for the delivery of your project and our team of Chartered Building Surveyors have the experience and skills to deliver difficult projects in testing circumstances.
Contract administration is the procedural management of a contract during the execution of a project. A contract administrator should ensure compliance with contractual provisions related to the flow of adequate information, submission of notices, valuations and payment assessments, submission of claims for additional payment, and extensions of time.
IMPORTANCE OF CONTRACT MANAGEMENT Introduction: Contracts form the foundation of all business relationships. But with a growing number of contracts, an increasing complexity and the ongoing need for amendments, it becomes challenging to manage the valuable information in the contracts.
In this highly practical course, you’ll address all aspects of effective contract administration — from initial award to final closeout. Special emphasis will be given to successful administration of contracts: problem avoidance, day-to-day operating practices, performance monitoring systems, early detection and correction of nonperformance, payment, contract modifications and working.
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Contract administration refers to the task or function of ensuring that a construction contract is executed in accordance with the terms of the contract. The contract administrator may be a representative of either party or may be a third party, depending on the terms.