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 (B)
What is the main focus of contract administration?
What is the main focus of contract administration?
- Awarding contracts
- Ensuring compliance during the bidding process
- Commercial handling of contracts after they are awarded (correct)
- Terminating contracts
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 (A)
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?
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.
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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