Will this be “Practice” used to manage this contract? BEST PRACTICE Cont. YES NO REFERENCES: Have a Risk Management Contingency Plan in place to address identified risks Identify all proposed subcontractors Contract Monitoring Identify and document each contract deliverable, specification, method of evaluation (i.e. report, delivery, and inspection) expected results, timeframe, budget and performance criteria Maintain information in an accessible database that tracks deliverables (such as: contract management system, spreadsheet, MS Outlook) Conduct a or post award meeting with the “kick-off” contractor and establish a regular meeting schedule or follow the schedule specified in the contract Require and utilize Progress Reports from the contractor Conduct careful monitoring of contractor performance and maintain written records thereof Have an internal plan for Resolution of Vendor Performance Issues. (Corrective Action Plan, Performance Fees) Post Contract Administration Conduct Post Contract Evaluations and Close-out Procedures Will this be “Practice” used to manage this contract?
BEST PRACTICE Cont. REFERENCES: Will this “Practice” be used to manage this contract? YES NO Have a Risk Management Contingency Plan in place to address identified risks Identify all proposed subcontractors Contract Monitoring Identify and document each contract deliverable, specification, method of evaluation (i.e. report, delivery, and inspection) expected results, timeframe, budget and performance criteria Maintain information in an accessible database that tracks deliverables (such as: contract management system, spreadsheet, MS Outlook) Conduct a “kick-off” or post award meeting with the contractor and establish a regular meeting schedule or follow the schedule specified in the contract Require and utilize Progress Reports from the contractor Conduct careful monitoring of contractor performance and maintain written records thereof Have an internal plan for Resolution of Vendor Performance Issues. (Corrective Action Plan, Performance Fees) Post Contract Administration Conduct Post Contract Evaluations and Close-out Procedures Will this “Practice” be used to manage this contract?
ContractMonitoringANDAdministrationPlan.docx