Contract administration on risk management

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Reference no: EM132247645

1. What is the effect of contracting and contract administration on risk management? Who is responsible for managing and monitoring this relationship in a project? What are the main risk items that should be considered in the contract administration process?

2. Which competitive pay policy would you recommend to an employer? Why? Does it depend on circumstances faced by the employer? Which ones?

3. What is the difference between contracting and contract administration? Although risk management is a factor in both areas, how does it differ in each? Provide an example.

4. Please provide your own unique response to the following: Explain the process for conducting and closing procurement's.

Reference no: EM132247645

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