contract administration

"The management and administration of public sector contracts poses unique challenges. Billions of tax dollars are spent each year purchasing construction, supplies, and services in support of public facilities and services. The unique features of public sector contracts and the special obligations that accompany the expenditure of public funds complicate contract management. The focus of contract administration is the achievement of stated goals and objectives through contract performance. The field embraces a longstanding recognition of three broad goals: a quality product, on time, and within budget. To achieve such goals, thoughtful contract administration must take a two-pronged approach: process and product focus. However, the extent of emphasis on process will vary, depending on the specifics of the contractual arrangement"--From the Introduction.