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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 National Contract Management Association (NCMA) is a professional association, based in the United States, dedicated to the profession of contract management. [1] Founded in 1959, NCMA now has over 20,000 members and more than 100 local chapters.
Capabilities Portfolio Management (CPM) - Funds OSD and Joint programs used to advise senior Department leadership and support strategic decision making to optimize investments and minimize risks in providing capabilities to the Warfighter. CPM includes programs such as Command & Control, Joint Logistics, Net Centric Operations, Corporate ...
Approximately 93% of the working population in the United States are employees earning a salary or wage. [1] Typically, cash compensation consists of a wage or salary, and may include commissions or bonuses. Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc.
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 ...
In fiscal year 2019, the US Federal Government spent $597bn on contracts. [2] The Obama administration measured spend at over $500bn in 2008, double the spend level of 2001. [4]