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The areas to be considered while monitoring and controlling a contract are wide spread. They are:
Physical mobilisation: In this stage, the contractor gathers people, materials and equipment to begin his work. You should mobilise personnel (contract manager), systems and equipment required to manage the contractor?s performance. This has to happen immediately after contract award. The contract manager hired focuses on the following in this stage:
Typical submittal comprises: This includes:
You should realise importance of a good contract records, as these records will greatly facilitate:
I ncentives These are rewards given when vendor/contractor exceeds your expectation. Incentives should increase contractor?s profit. Incentives can be categorised as:
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