Contract Administration

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Contract Administration:

Contract administration is the process of managing contracts that have been developed and initiated. Here vendor performance is compared to the Service Level Agreements (SLA). All team members should be kept informed of legal consequences of changes in the relationship according to the SLAs.

Another aspect of the management process is measuring the progress of the seller against the milestones outlined in the contract.

In case of any deviations modifying the contract and relationship…

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