Podcast
Questions and Answers
True or false: Contract administration and contract management are the same thing.
True or false: Contract administration and contract management are the same thing.
False
What is the main focus of contract administration?
What is the main focus of contract administration?
True or false: The same team of professionals is responsible for both contract administration and contract management in the construction industry.
True or false: The same team of professionals is responsible for both contract administration and contract management in the construction industry.
True
What is the reason for the conflation of the terms 'contract administration' and 'contract management' in the construction industry?
What is the reason for the conflation of the terms 'contract administration' and 'contract management' in the construction industry?
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True or false: Change orders claims, early payments or overpayment, and unsatisfactory performance can be prevented by implementing a structured contract administration program.
True or false: Change orders claims, early payments or overpayment, and unsatisfactory performance can be prevented by implementing a structured contract administration program.
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What are some of the critical risks encountered during the performance period that can be prevented by implementing a structured contract administration program?
What are some of the critical risks encountered during the performance period that can be prevented by implementing a structured contract administration program?
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Study Notes
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Description
Test your knowledge on the differences between contract administration and contract management in the construction industry. Learn about the distinct phases of the contract lifecycle and discover why these terms are often used interchangeably. This quiz will help you understand the roles and responsibilities of professionals involved in the contracting process. Keywords: contract administration, contract management, construction industry, contract lifecycle, roles and responsibilities.
