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 Definition:
Contract administrator is responsible for compliance by the contractor to the contract's terms and conditions, and for making sure that the final product is fit for use.
Project Management: A Systems Approach to Planning, Scheduling, and Controlling by Harold Kerzner?
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
What is Financing?
A project's activities incur costs. The overall money required for the project is translated into a project's budget. The needed ...
What is Earliest Start Time?
While dividing a project into its associated tasks and activities, it is important to determine the estimated time for each ...
What is Requirements Documentation?
A project's requirements must be established before the project starts. These requirements should be documented. Requirements documentation gives the details ...
What is Reward Power?
Out of all the authorities granted to the project manager, the major one is to command the project team members ...
What is Management Systems School?
Project management is closely related to general management as many of the functions and principals of general management are used ...
What is Risk Response Planning?
A risk response planning process involves preparing a plan which will be implemented in response to a potential risk. The ...