Contract Management Guide

Contract life cycle management “is the process of systematically and efficiently managing contract creation, execution and analysis for maximising operational and financial performance and minimising risk”(Aberdeen Group).

Information about Contract Management Guide

This guide is intended to cover all those activities associated with contract management from the establishment of the business case and the confirmation of need, through contract administration and relationship management to the review of contract performance. The activities themselves are divided into two distinct but interdependent phases, upstream and downstream of the award of the contract.

The guide is generic in that its principles are intended to be applicable to all contracts from a simple order, through framework contracts to complex construction or service contracts, and it should be seen as equally applicable to contracts in the private as well as the public sector.

Return to Developing and Managing Contracts topic.

Related concepts

Contract Management

Contract management delivers a great amount of data and intelligence that support the smooth running of a business (Aberdeen Group, 2007).

Find out more

Supplier Incentivisation

Successful incentivisation in the contract was a key mechanism for achieving the mutual success of both organisations and aligning success and objectives (James...

Find out more

Framework Agreement

To quote the CIPS Position Statement, framework arrangements are becoming more popular as they represent a 'smarter' way of purchasing than placing 'one-off' orders for recurrent...

Find out more