1.4  Set up contract information management

Proper systems for identifying, gathering and recording relevant information will help you to manage your contract effectively and provide a clear audit and accountability trail.

Key steps in this activity include:

a.

File a signed copy of the contract in your financial management information system and/or your document management system.

b.

Decide how you will register and manage information about key contract activities, for example, meetings with supplier, correspondence with users and internal clients, complaints or variations.

c.

Create a contract register or other documents to track contract performance and keep records.

d.

Develop templates for relevant activities, for example, reporting templates, meeting agendas, standard communication emails etc.

e.

Ensure you retain all contract records for reconciliation and audit purposes.

f.

Include relevant information in your contract management plan (see step 0.1).