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Contract Management’s Impact on Procurement Efficiency

The Procurement School

Contract Management is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contract management and its role in procurement efficiency.

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What is the FAR: Your Guide to the Federal Acquisition Regulation

Select GCR

The FAR is meticulously structured into subchapters, parts, subparts, sections, and subsections, providing detailed guidance for government procurement, from planning through contract management to compliance and enforcement. What are some types of procurement contracts identified by the FAR?

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The Public Procurement Journey: Tools for Modern Challenges

ivalua

This bill sends plenty of money to the state and local governments–but along with these allocations comes solicitations, procurements, contracts, deadlines, reporting requirements, and other overhead.

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Rethinking Contract Management is Key for Smart Procurement Achieving smarter procurement requires a delicate balance of incentives and oversight. To achieve this, governments need to rethink how they do and manage contracts, meaning that contract designs should align with the complexity of transactions.

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Procurement & Contract Planning: Canadian Public Sector Guide

The Procurement School

Once a procurement is awarded it moves to contract management whose primary functions are implementation, compliance and issue management. A well written contract is a key enabler of successful contract management as it clearly sets out the expectations of both parties.

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Contract with the Government: Essentials for Businesses

Select GCR

The Federal Acquisition Regulation (FAR) outlines systematic procedures for crafting procurement contracts, ensuring consistency and fairness. Compliance with labor laws such as the Davis-Bacon Act and McNamara-O’Hara Service Contract Act is essential.

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Contract Data Management With AI

ivalua

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. Christopher Bourez, Artificial Intelligence Architect at Ivalua.

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