CPPB Domain IV Contract Administration Practice Questions with Answers

What is the focus of Contract Administration? It is the achievement of stated goals and objectives through contract performance. The field embraces a long standing recognition of three broad goals: A quality product On Time (delivery of quality goods) Within Budget (or agreed-to price) Contract administration must be practiced with full attention to: Applicable laws Regulations Policies What are the consequences to the public sector for poor contract management? End-user frustration because of poor contractor performance End-user less willing to try a different vendor Lack of contractor accountability Agency acceptance of poor quality Increased costs Under/overpayment to a contractor Contract Management is: Commonly used to describe the entire contracting process, from pre-solicitation activities through contract closeout. It can be seen as a sequential cycle as consisting of two main components - contract formation and contract administration. Contract administration activities include: Payment, monitoring of progress, inspection and acceptance, quality assurance, monitoring and surveillance, Modifications, negotiations, contract closeout, and much more Contract administration is: A term used to describe the functions that are performed after the parties have signed the contract.