Questions and Answers
What is the name of the person who manages the contract?
Contract Manager
What is the pre-contract phase?
The pre-contract phase is when tenders are prepared and sought out and contract negotiation is undertaken.
What is the purpose of contract management?
To eliminate potential breach of contract situations
What is the role of a contract manager?
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What is the pre-contract phase?
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What are the benefits of effective contract management?
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Study Notes
- The pre-contract phase is when tenders are prepared and sought out.
- In the phase, contract negotiation is also undertaken.
- The contract execution phase is when the contract documents are prepared for execution.
- During the post-award phase, the two parties involved must comply with the conditions of the contract.
- A person who manages the contract is called the contract manager.
- In the case of large and complex projects, a team of contract managers are employed.
- Managing contracts is beneficial for both contractor and clients.
- Effective contract management helps to eliminate potential breach of contract situations.