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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 .. 9 Enterprise CONTRACT MANAGEMENT and CONTRACT life cycle .. 10 Identification and classification of contracts.

Contract Management Framework Version: 1 August 2010 Page 3 of 20 1 Introduction to the CMF 1.1 Purpose and scope of the CMF The Contract Management Framework (CMF) is a high level document that sets out the requirements for government institutions pertaining to the management of, and accounting for, contract agreements.

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