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Contract and Grant Disclosure and Certification Form Procurement Uark

Contract and Grant Disclosure and Certification Form Procurement Uark

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hello and welcome in this lesson we will discuss what contract management is and how you can manage your contracts well so let's Dive Right In from the word itself contract management is a process of managing your contracts as part of legal documentation in other words it is the process of managing agreements with your chosen supplier or service provider in negotiations and procurement the contract is the foundation of a business relationship the contracts should allocate all aspects such as risk quality of services needed value for money mechanisms review procedures and regular Communications and resolutions for disputes now let's discuss why contract management is important it plays a crucial role in creating executing and analyzing contracts to optimize financial and operational performance by effectively managing contracts organizations face increased pressure to reduce costs and improve overall performance in my time as a procurement manager I did not like the contract phase at al

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