Transcription of CONTRACT MANAGEMENT FRAMEWORK - National Treasury
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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 .. 12 Resourcing CONTRACT MANAGEMENT activities .. 13 Document and information MANAGEMENT .. 13 Relationship 14 Performance MANAGEMENT .
to improving service delivery and reducing costs; and better value for money achieved in the acquisition and sales of goods and services. Savings generated through improved contract management may be reallocated to reduce cost of services or provide additional services; and may contribute to the elimination of service delivery backlogs.
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