Definition
Programs that help nonprofit organizations, small businesses and other groups negotiate contractual agreements and understand and fulfill their contractual obligations. Steps in the contract management process include establishing a budget; agreeing on the scope of work and deliverables; determining terms and conditions of the contract (e.g., timelines, evaluation criteria and remedies); assuring compliance with federal, state and local guidelines; assigning staff and other resources to accomplish the work; monitoring progress; engaging in ongoing communication with the contractor about the project; renegotiating the scope or work or other contract provisions, when necessary; providing financial and service delivery reports and service statistics; preparing and submitting the year end report and/or final report; preparing for and undergoing a contract audit; and negotiating renewal of the contract or making provisions for program continuity.
URL Name
TP-2100-0250-150
Third Level Code
TP-2100
Taxonomy Code
TP-2100.0250-150
Parent Code
TP-2100.0250
Family Code
T
Second Level Code
TP
Fifth Level Code
TP-2100-0250-150
Fourth Level Code
TP-2100-0250
Publication Status
Draft