Contract Administrator Notes: Definitions & Explanations PDF | Download eBooks

Study Contract Administrator lecture notes PDF with project management definitions and explanation to study What is Contract Administrator?. Study contract administrator explanation with project management terms to review project management course for online MBA programs.

Contract Administrator Notes:

When a contract is made between customer organization and a contractor, it is important to monitor the performance of the contractor in comparison to the contract. The terms and conditions of the contract must be met and the issues between the two contracting parties should be resolved. An individual who is responsible to perform all these tasks is called contract administrator. The need for contract administrator depends upon the size of the contract. As large contracts are more prone to issues and problems, a contract administrator is needed to resolve the issues and ambiguities. The functions of a contract administrator includes warranties, waivers, contract breach, payment schedules, project termination, subcontractor management, project closeout etc.

Keep Learning with Project Management Notes