Month: February 2022

It is very important for the contactor to perform the contract satisfactorily, similarly it is important for the procuring entity to make payments to the contractor, timely and according to the contract requirements. Payments should not be made unless the Read More …

In large procurement contracts it is good practice after the contract is completed to conduct a contract close-out review. This should be done by the contract management team. The review should consider the following: The timeliness of contract performance. Cost Read More …

In large procurement contracts the contract management plan should provide for review meetings. Review meetings are held periodically as found necessary for the purpose of face to face communications of contract performance and discussing the way forward and preparing status Read More …

The requirements of the contract must be closely watched to ensure that there are no deviations or risks and those identified are dealt with in time. Some of these will be Cost overruns. Effectiveness of communication. Inputs, process and outcomes. Read More …

The contract manager shall prepare a management plan which shall give a background of the contract and capture key focus area of the contract. It shall contain the following. Background Information. Contract management team. Contractor details. Scope of contract management. Read More …

Risk is the single word that determines every contract. Adequate steps for risk mitigation must be taken in all public procurement contracts. Where the tender document so requires, an unconditional performance security must be provided by the successful tenderer issued Read More …

For each contract entered into, the Procuring Entity must designate a member of staff, or a team of staff, as the Contract Administrator responsible for administering the contract. The Procuring Entity must issue a signed letter naming and appointing the Read More …

In a procuring contract the contractor has the responsibility of performing the contract as per the terms and conditions of the contract. The procuring entity has the responsibility of meeting its obligation of paying the contractor as per terms and Read More …

A procurement Contract is a written agreement between a procurement entity and a supplier, contractor or consultant which is enforceable by law. Administration is defined as the activities involved in managing a business organization or institution. Management is defined as Read More …

After the technical evaluation, financial evaluation is conducted to determine the evaluated price of each bid and to determine the lowest evaluated bid, which is substantially responsive to the requirements of the bidding document. The evaluated price for each bid Read More …