Asked by

Marah Foster
on Oct 29, 2024

verifed

Verified

Contract administration includes carrying out the terms of the agreement and resolving conflicts over interpretation or violation of the agreement.

Contract Administration

The process of managing contract creation, execution, and analysis to maximize operational and financial performance within an organization, while reducing financial risk.

Agreement

An agreement is a mutual understanding or arrangement, often formalized by contract, between two or more parties regarding their roles, responsibilities, and rights.

Conflicts

Situations where opposing ideas, interests, or people create friction within a workplace setting.

  • Comprehend the fundamentals of managing contracts and enforcing employment contracts.
verifed

Verified Answer

KQ
Karly QuinnNov 04, 2024
Final Answer:
Get Full Answer