Relationships for Contract Management

Like any other interaction, contract management requires the careful cultivation of relationships. A relationship that runs smoothly will produce better results for all parties involved.
It means developing effective working relationships with your suppliers, ensuring effective service delivery, maximizing value for money and providing consistent quality for stakeholders and end users. The nature and extent of contract management will vary between contracts.
Contract management is the process of managing agreements, from their creation through to their execution by the chosen party, and to the eventual termination of the contract.