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Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
The Defense Contract Audit Agency was established on January 8, 1965. Previously, the various branches of the military were responsible for their own contract audits and there was little consistency in contract administration and auditing. [2] The first efforts to perform joint audits began with the U.S. Navy and Army Air Corps in 1939.
A job description or JD is a written narrative that describes the general tasks, or other related duties, and responsibilities of a position. It may specify the functionary to whom the position reports, specifications such as the qualifications or skills needed by the person in the job, information about the equipment, tools and work aids used, working conditions, physical demands, and a ...
The National Contract Management Association (NCMA) is a professional association, based in the United States, dedicated to the profession of contract management. [1] Founded in 1959, NCMA now has over 20,000 members and more than 100 local chapters.
Many writers also refer to procurement as a cyclical process, which commences with a definition of business needs and develops a specification, identifies suppliers and adopted appropriate methods for consulting with them, inviting and evaluating proposals, secures on contract and takes delivery of a new asset or accepts performance of a ...
The contract administration process was again reviewed in 1989. Citing continued problems with the manner in which the services were administering contracts, a Defense Management Review Decision (DMRD) 916 recommended the establishment of a joint command to administer defense contracts, to ensure that consistent policies and standards were ...
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