Contract Owner Vs Contract Manager In Bronx
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The Contract Owner is accountable for realising the benefits/value from the contract, including managing the supplier relationship for the contract, level of risk and contract obligations.
A Contracts Manager is responsible for a wide variety of tasks, depending on the nature of their contracts. Their primary duties include: Drafting and revising contracts. Ensuring that all contracts are accurate and relevant documentation is correct and updated when necessary.
A Key Distinction The contract administrator will supervise the efforts before a contract is signed. The contract manager will manage the process after a contract is signed, ensuring all regulations and terms are properly followed ing to the contract agreement contents (ProcurePort, 2021).
Similar professions and job titles to a Contract Administrator are Contract Management Specialist, Procurement Specialist, Procurement Analyst, Contract Coordinator, Project Manager, Contract Negotiator and Construction Manager.
Discussing, drafting, reviewing and negotiating the terms of business contracts. Agreeing budgets and timescales with the clients. Managing construction schedules and budgets. Dealing with any unexpected costs.
For example, some employers may refer to a Contract Manager as either a Contract Specialist or a Contract Administrator.
The project manager is responsible for the overall management and coordination of the project, including overseeing contract administration activities. The contract administrator, on the other hand, focuses specifically on the contractual aspects of the project.
