Administration and audit services rules

Please respond to each discussion question below and reference material from this week’s reading, videos, in addition to any personal experience you might have.

  1. What Part of the FAR addresses contract administration? Who is responsible for contract administration planning? What are some of the major contract administration issues that need to be planned for under a contract? Who will administer a contract? What contributes to successful contract administration?
  2. Discuss one topic or issue from this week’s material that may benefit you personally or professionally.

Requirements: 250 words

Answer preview

When administering contracts, the primary issue that often arises is clarity. It usually occurs when the contracting parties do not clearly understand the terms of contracts and their agreements (Concord, 2018). In conclusion, the topic of contracts administration planning is essential for me to learn the processes of contract creation and the rights of procurement that promote mutual relationships by contracting entities. Moreover, it equips me with the skills necessary to negotiate, manage and implement contracts, manage risks from contracts and observe contract invoicing procedures (Andrea, 2018).

[306 Words]

Administration and audit services rules
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