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Verify accuracy of invoices and authorize payments consistent with contract terms. Monitor the budget and accounting processes to ensure sufficient funds are available to pay the vendor. Contract Managers Should NOT: Request vendor to perform outside of the scope of work.
Procurement and contract management are two important functions in any organization. Procurement is the process of acquiring goods or services from external vendors, while contract management is the process of managing contracts with those vendors.
Contract Administration involves those activities performed by government officials after a contract has been awarded to determine how well the government and the contractor performed to meet the requirements of the contract.
Contract Administration is the management of all actions that must be taken to assure compliance with the terms of the contract after award (ing to National Institute for Governmental Purchasing, NIGP). The Procurement Services Department offers support in contract administration to fit your needs.
What are the duties and responsibilities of a Contract Administrator? The duties of a Contract Administrator include preparing contracts, negotiating terms, reviewing existing contracts, explaining terms to stakeholders, ensuring compliance, analyzing risks, and maintaining contract records.
The award of a contract qualifies as acceptance. Consideration: Anything of value promised to another in exchange for fulfillment of the offer. For example, the state promises money in exchange for products or services. Lawful purpose: A valid contract must have a legal purpose that is enforceable in court.
Procurement professional responsible for creating, managing, and administering procurement contracts.
"To establish a breach of contract claim under Oregon law, a plaintiff must show: (1) the existence of a contract; (2) its relevant terms; (3) the plaintiff's full performance and lack of breach; and (4) the defendant's breach resulting in damage to the plaintiff." Slusher v.