PJM 5800 #4

For this assignment you will need to complete the following: 1. Explain what a draft contract is.  Who should review the draft contract before is executed by all the parties?

2. List the basic parts of a contract.

3. Explain what an executed contract is.  Who should receive a copy of the executed contract?

4. Describe some of the strategies that can be used to debrief unsuccessful suppliers.

5. Explain the benefits of developing an accurate lessons learned file after the procurement is finalized.

6. Explain the contract administration process and requirements.

7. Read the article “Enhancing Contract Management” and describe some of the best practice contract management strategies discussed by the author.