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We have discussed the first three stages of contract lifecycle management: contract request, contract authoring, and contract approval. The fourth stage of contract lifecycle management is contract execution.
We have discussed the first three stages of contract lifecycle management: contract request, contract authoring, and contract approval. The fourth stage of contract lifecycle management is contract execution.
Step 1: Selecting a Contract. What is a Contract? ... Step 2: Collecting the Necessary Information. ... Step 3: Choosing a Negotiator. ... Step 4: The Contract Review Process. ... Step 5: Contract Signing.
The stages of contract management can be broken down into pre-signature (creation, negotiation/collaboration, and review/approval) and post-signature (administration/execution, renewal/termination, and reporting/tracking).
The Guam Procurement Act establishes procedures and remedies to resolve contract and breach of contract controversies between the territory and a contractor.