Transcription of CONTRACT MANAGEMENT FRAMEWORK - …
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CONTRACT MANAGEMENT FRAMEWORK - …
CONTRACT MANAGEMENT FRAMEWORK Version: 1 August 2010 Page 1 of 20 CONTRACT MANAGEMENT FRAMEWORKC ontract MANAGEMENT FRAMEWORK Version: 1 August 2010 Page 2 of 20 Table of contents 1 Introduction to the CMF .. 3 Purpose and scope of the CMF .. 3 Importance of CONTRACT MANAGEMENT .. 4 Managing contracts .. 4 Correctly accounting for contracts .. 5 2 CONTRACT MANAGEMENT in the public sector .. 6 Why manage contracts in the public sector? .. 6 Legislative and regulatory FRAMEWORK .. 7 3 CONTRACT MANAGEMENT FRAMEWORK (CMF) .. 9 Overview of the CMF .. 9 Enterprise CONTRACT MANAGEMENT and CONTRACT life cycle .. 10 Identification and classification of contracts .. 11 Recognition, measurement and disclosure of contracts .. 11 Planning, budgeting and reporting cycle .. 12 Oversight of CONTRACT MANAGEMENT .
Contract Management Framework Version: 1 August 2010 Page 5 of 20 Each contract across the entire institution must be managed throughout the Contract …
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