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Contracts Management and Administration (Based on FDIC Standard)PMI, PMP, PMBOK and the PMI Registered Education Provider logo are registered marks of the Project Management Institute, Inc. 2016 3FOLD
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Contracts management is the process of managing contracts from creation to execution to ensure all parties comply with the terms and conditions outlined in the agreement.
All individuals or entities involved in a contractual agreement are required to file contracts management and to ensure transparency and accountability in business transactions.
Contracts management can be filled out by providing details of the contract such as parties involved, terms and conditions, obligations, and any amendments or extensions made during the contract period.
The purpose of contracts management is to ensure that contracts are effectively managed, monitored, and enforced to minimize risks, increase efficiency, and maintain compliance with legal and regulatory requirements.
Information that must be reported on contracts management include contract details, parties involved, contract value, terms and conditions, obligations, amendments, and any conflicts that may arise during the contract period.
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