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Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
The Project Management Body of Knowledge (PMBOK) is a set of standard terminology and guidelines (a body of knowledge) for project management.The body of knowledge evolves over time and is presented in A Guide to the Project Management Body of Knowledge (PMBOK Guide), a book whose seventh edition was released in 2021.
Chitty on Contracts is one of the leading textbooks covering English contract law. The textbook is now in its 35th edition. The textbook is now in its 35th edition. The first editors were Joseph Chitty the Younger and Thompson Chitty, sons of Joseph Chitty .
The replacement documents include DI-MGMT-81650 (Integrated Master Schedule), DI-MGMT-81334A (Contract Work Breakdown Structure) and DI-MGMT-81466 (Contract Performance Report). [ 14 ] [ 15 ] [ 16 ] In addition DFARS 252.242–7001 and 252.242–7002 provide guidance for integrating IMP/IMS with Earned Value Management .
Contract theory in economics began with 1991 Nobel Laureate Ronald H. Coase's 1937 article "The Nature of the Firm". Coase notes that "the longer the duration of a contract regarding the supply of goods or services due to the difficulty of forecasting, then the less likely and less appropriate it is for the buyer to specify what the other party should do."
Corbin on Contracts was a leading American textbook on US contract law written by Arthur Linton Corbin.It was influential in the development of contract theory and practice in the 50 American states, and throughout the common law world.