The objectives of contract management are to ensure:
• project/services are delivered under contract according to the time, cost, quantity and/or quality standards specified in the contract; and
• proponents have sufficient information to enable them to make decisions regarding succession arrangements at the conclusion of the term of the contract.
Project managers must carry out three key stages of contract management to ensure that optimum results are gained from the contractual arrangement:
• implementation phase (post-bid stage);
• ongoing day-to-day management phase; and
• evaluation and succession planning.