Contract administration is an integral and important element of contract management and overlaps with monitoring and performance assessment. It encompasses various activities that need to be completed on a day-to-day basis, including: • developing and maintaining contact details of key people involved in the contract • scheduling meetings and other actions required by the contract • delivery and acceptance of goods or services • making payments • maintaining complete records for the contract itself, and • establishing and maintaining contract documentation. | Contract administration is an integral and important element of contract management. |