From the course: PMI Certified Associate in Project Management (CAPM)® Cert Prep

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Understanding contract administration

Understanding contract administration

From the course: PMI Certified Associate in Project Management (CAPM)® Cert Prep

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Understanding contract administration

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- And now, we're going to cover the administration of contracts. The project managers does not have to be an expert in the legal niceties of contracts, but it is important that they not get into trouble, particularly not get into legal trouble. So we're going to talk about the key areas of contract administration. So the first thing to understand is the contracting officer. Big red letters here. The contracting officer is an expert in contracts, laws and regulation, and it's a good idea for the project manager to make really good friends with the contracting officer. The contracting officer will keep you out of trouble. The project manager rarely has contracting authority. So even if you wanted to, you probably couldn't sign a contract. That's almost always done by the contracting officer. And organizations have rigorous policies and procedures for procurement. Who is allowed to accept something, who can sign for…

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