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CONTRACT MANAGEMENT FRAMEWORK - National Treasury

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.

Contract Management Framework Version: 1 August 2010 Page 10 of 20 3.2 Enterprise contract management and contract life cycle The CMF applies an Enterprise Contract Management (ECM) approach requiring identification, classification and appropriate management of all contracts throughout the institution.

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