Management Of Contracts Within Municipalities After Procurement Process
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5 Contract Management Best Practices for Government ContractsUnderstand Your Abilities and Limitations.Learn and Abide by the Many Rules.Never Miss a Deadline.Maintain Good Working Relationships.Use the Right Technology.
Managing contracts as a part of legal documentation of forging work relationships with customers, vendors, or even partners. Negotiating the terms and conditions in contracts. Certifying compliance with the terms and conditions. Documenting and agreeing on any changes or by both the parties.
Here are the seven essential stages of contract management.Planning stage. Before you can implement a process, it's important to develop a system that will best suit your company's needs and resources.Implementation stage.Pre-contract stage.Handover stage.Contract stage.Pre-renewal stage.Post-contract stage.
Contract management and the associated performance is a continuous procurement process that ensures suppliers and buyers adhere to their agreed contractual obligations along with negotiating any future changes that need to take place until such a time that termination is required.
Contract management is an integral part of any procurement cycle. After all, it's contracts that define your relationships with vendors, suppliers, outside service providers, and other purchasing and sourcing entities.