These are flashcards an notes made by students on topics like 'contract', 'performance' and 'system', originating from:

Study material generic cover image
- Joseph Phillips
ISBN-10 0071775919 ISBN-13 9780071775915
1205 Flashcards & Notes
  • This + 400k other summaries, also in PDF!
  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo

Study Cards on contract, performance, system

What do we mean with controlling procurements?
  • It is the process of ensuring that the seller lives up to the agreements in the contract. The project manager and the contract administrator must work together to make certain the seller meets their obligations.
  • Coordination between contractors. The performance of the seller is confirmed so that deliverables, schedule and performance of a contractor do not infringe or adversely affect the performance of  another contractor.
  • Controlling payments
What are three other inputs for contract administration (other than the already existing contract)?
  • Performance Reports - reports on the sellers performance
  • Work Results - sellers work results
  • Change Requests
What are the six primary concerns within contract administration?
  • The contract change control system - defines how the contract may be changed
  • Performance review and audits -
  • Performance reporting - is part of communications
  • Payment system -
  • Claims administration - disagreements and how these are managed
  • Records management system
What is important as part of reviewing the results of procurement control?
  • Documenting correspondence
  • Documenting contract changes
  • Manage / document payment requests
  • Higher grades + faster learning
  • Don't study anything twice
  • 100% sure, 100% understanding
Discover Study Smart