This part of the Guide discusses the management of individual contracts. The aim of individual contract management is to ensure that deliverables are provided to the required standard, within the agreed time frame and achieve value for money. The management of individual contracts is made easier if the earlier contracting phases have been undertaken in accordance with better practice and the entity has in place a sound contracting governance and control environment.

It is important that contracts are actively managed throughout their life to help ensure contractor performance is satisfactory, stakeholders are well informed and all contract requirements are met.

Key tasks

The key tasks involved in managing individual contracts are:

Identify and manage risks.

Identify and assign responsibilities.

Identify and access the skills needed.

Identify and involve stakeholders.

Manage relationships.

Manage contract start-up.

Administer the contract.

Manage contractor performance.

Negotiate contract variations.

Manage contract disputes.

Discharge the contract.

Behave ethically.

Keep records.

Contracts should be actively managed throughout their life to help ensure contractor performance is satisfactory, stakeholders are well informed and all contract requirements are met.