Define and describe the key process flow and actions in place for an agreement to be converted...

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Civil Engineering

Define anddescribe the key process flow and actions in place for an agreementto be converted into contract especially in terms of its scope oflegality, competency and consequences of breaching. Explain andillustrate the legal terms â€œAssentâ€ and â€œAcquiescenceâ€ in a commonlegal contract.

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The terms contract management and contract administrationare often used synonymously However contract management iscommonly understood as a broader and more strategic concept thatcovers the whole procurement cycle including planning formationexecution administration and close out of a contract and goesbeyond the day to day administrative activities in theprocurement cycle Because it is difficult to draw the line betweenthe two terms and because the majority of the UN organizationscommonly use contract management when describing the contractadministration phase contract management will be used in thisUnitThe purpose of contract management is to ensure that all partiesto the contract fully meet their respective obligations asefficiently and effectively as possible delivering the businessand operational outputs required from the See Answer

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