Contract Administration

About Contract Administration

After a contract has been awarded, government personnel engage in certain tasks known as contract administration in order to assess how successfully both the government and the contractor met the terms of the contract.

Contract administration is crucial for organization as it manages contract creation, recording and disposal as per requirement of the company. Contract Administration/System has gained immense popularity across the globe resulting in huge demand for certified professionals.

Why is Contract Administration important?

A wide variety of continuing duties comprise contract administration, but these particular tasks are important because they produce efficient and effective performance:

• Strategy implementation and change management.
• Fees and expense tracking.
• Budgeting, ordering, and payment processes.
• reporting on contract performance.
• lowers contract processing costs
• Increases contract related performance

Contract Administration/System certified professionals, executives and managers are in high demand in companies across the globe.

Who should take the Contract Administration Exam?

• Managers, executives and senior executives
• Graduate students 
• Senior management
• Founders
  
• Students who are new to contracts and purchasing.
• Those looking to develop their careers in acquisition and contract administration.

Knowledge and Skills required for the Contract Administration

Critical thinking and communication skills helps candidate to gain quick success for career in contract administration.

Contract Administration Practice Exam Objectives

Contract Administration exam focuses on assessing your skills and knowledge in contract formation, recording and disposal.

Contract Administration/System Practice Exam Pre-requisite

There are no prerequisites for the Contract Administration/System exam. Candidates who are well versed  in contract formation, recording and disposal can easily clear the exam.

Contract Administration Certification Course Outline

1. Contract Administration Planning
2. Post-award Orientation
3. Subcontract Administration
4. Performance Monitoring and Quality Assurance
5. Delays in Performance
6. Contract Modifications, Adjustments, Options, and Orders
7. Disputes, Claims, and Terminations

Exam Format and Information

Certification name – Certificate in Contract Administration/System
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199