Exam 1: Getting Started

According to the text, 1) read the contract, 2) understand the requirement, and 3) invoice for completed work are the three most important phases of Contract Administration

Good Contract Administration depends on

When reading a Contract, we should pay particular attention to issues or items that affect

The Contract is more about what the other party needs to be done

Even if you have read and understood the Contract there will be many hazards between concept and reality

Maintaining accurate records does not help to avoid disputes but it does provide an effective evidence trail

Reapplying what was learned from one Contract Administration to the next is important

Good attorneys will rely upon the law rather than the documentation provided by the Contract Administrator

According to the text, the Contract Administrator should look carefully for issues or items in the Contract related to cost, design, and quality

Developing good Contract Administration habits begins with

The contract is mostly about

Boilerplate

If the Contract is a preprinted and familiar one, the Contract Administrator does not need to read it

We can only skim through certain parts of the contract if we have already read a similar contract before

Understanding contract law improves one's ability to recognize when one needs help

Good Contract Administration helps

Understanding contract law helps to improve one's ability to navigate and document efforts related to contract obligations

Reapplying what we have learned from one Contract Administration to the next is important for continuous Contract Administration improvement