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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 Institute for Supply Management (ISM) defines procurement as an organizational function that includes specification development, value analysis, supplier market research, negotiation, buying activities, contract administration, inventory control, traffic, receiving and stores. Federal US legislation defines procurement as including
The contract administration process was again reviewed in 1989. Citing continued problems with the manner in which the services were administering contracts, a Defense Management Review Decision (DMRD) 916 recommended the establishment of a joint command to administer defense contracts, to ensure that consistent policies and standards were ...
The word syndicate comes from the French word syndicat which means "administrator" or "representative" (syndic meaning "administrator"), from the Latin word syndicus which in turn comes from the Greek word σύνδικος (syndikos), which means "caretaker of an issue"; compare to ombudsman or representative.
Hatch, in association with Hatch Mott MacDonald, provided "owner's representative" services to Ontario Power Generation for the design and construction of the project. Hatch's scope included preparation of design/build contract documents, design review, construction monitoring and contract administration.
The administrator, like other persons of responsibility under Islamic law, must have the capacity to act and contract. In addition, trustworthiness and administrative skills are required. Some scholars require that the administrator of this Islamic religious institution be a Muslim, though the Hanafis drop this requirement.
A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
The Pakistan Administrative Service, or PAS (Urdu: انتظامی خدمتِ پاکستان) (previously known as the District Management Group or DMG before 1 June 2012) is an elite cadre of the Civil Services of Pakistan.