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The actions of a contract manager to develop solicitations,
develop offers, form contracts, perform contracts, and
close contracts. - Answers-Contract Management
The authorized representative or agent for a contracting
party. - Answers-Contract Manager
A mutually binding legal relationship obligating the seller to
furnish supplies or services and the buyer to provide
consideration in exchange for them. - Answers-Contract
The execution of the terms of a contract. - Answers-
Contract performance
For contract management, these principles apply to all
contract managers in all phases of the contract life cycle. -
Answers-Guiding Principles
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The phases of a contract: pre-award, award, and post-
award. - Answers-Contract Life Cycle Phases
The areas within a contract life cycle phase that produce
significant contract management outcomes. - Answers-
Domains
The processes utilized to produce the expected contract
management outcomes of the domains. These processes
involve the ability to perform multiple job tasks, both
simultaneously and sequentially, while achieving
meaningful results. - Answers-Competencies
The tasks performed on a routine basis by contract
managers. Contract managers systematically process the
job tasks to achieve the expected results of the
competencies. - Answers-Job Tasks
The process of managing contracts throughout the
contract life cycle while ensuring customer satisfaction. -
Answers-Contract Management
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Negotiations, changes, requirement interpretations,
deliverables, contract terms and conditions, and risk
management are actions of who? - Answers-Contract
Manager
The contracted party with the requirement for goods
and/or services to be fulfilled by one or more sellers. -
Answers-Buyer
The contracted party tasked with fulfilling the buyer's
requirement for goods and/or services. - Answers-Seller
The process by which efforts of all personnel responsible
for acquiring goods or services are coordinated and
integrated through a comprehensive plan for fulfilling the
customer need in a timely manner at a reasonable cost. -
Answers-Plan Solicitation
The process of implementing the solicitation plan by
soliciting responses from sellers in order to fulfill a
customer need. - Answers-Request Offers