contract administration NIGP global-best-practice-contract-administration.pdf

The document outlines the importance and key responsibilities of contract administration in the procurement process. It emphasizes the need for proper documentation, monitoring of contract performance, and resolution of any issues that may arise during the contract period. The process of contract administration includes activities such as maintaining contract documentation, managing contract performance and compliance, and resolving any contract-related disputes. It also discusses the elements of contract administration, including proper documentation maintenance, performance management, and issue resolution. The document highlights the significance of monitoring milestones, ensuring compliance with contract terms, and addressing nonperformance or noncompliance issues. Additionally, it covers the procedures for contract closeout, including returning funds, releasing retainage, and obtaining feedback on contractor performance. Overall, the document stresses the importance of effective contract administration to ensure successful contract completion and compliance with all terms and conditions.