Contract Management - The Chartered Institute of Procurement and Supply

Contract Management


Contract management is a continuous procurement process that ensures suppliers adhere to their agreed contractual obligations along with negotiating any future changes that need to take place.

CIPS Procurement Topics

Related concepts

Contract Management Guide

Contract life cycle management “is the process of systematically and efficiently managing contract creation, execution and analysis for maximising operational and financial performance...

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Contract Management

Contract management delivers a great amount of data and intelligence that support the smooth running of a business (Aberdeen Group, 2007).

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Supplier Incentivisation

Successful incentivisation in the contract was a key mechanism for achieving the mutual success of both organisations and aligning success and objectives (James...

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Other Resources

Commercial and Contract Management: Insights and Emerging Best Practice document has been published on the National Audit Office website

This interactive publication draws on NAO audits of government contracts and engagement with government to provide practitioners with insights on the new, emerging higher standard for government contracting.

Full Report

In two reports below The National Audit Office (NAO) challenges government and its private sector contractors to work together more effectively in taxpayers’ interest and address the issues behind the current crisis of confidence in contracting out public services.

The role of major contractors in the delivery of public services and managing government suppliers:
Executive Summary / Full Report

Managing government suppliers and the role of major contractors in the delivery of public services:
Executive Summary / Full Report


UK recovery threatened by £75bn trade credit gap

The research is based on new analysis of 15 million limited company reports filed between 1998 and 2012, conducted by Professor Nick Wilson of the Credit Management Research Centre highlighting British businesses owe £75bn to their peers as trade credit hits record levels and threatens to damage the UK’s fragile economic recovery.

“The analysis shows that the UK faces a very different business debt challenge in this recovery, one which will require a new, proactive, management approach for the use of trade credit if businesses are to thrive and survive.” said Professor Nick Wilson. “Smart buyers are starting to think more strategically about managing credit from their supply chains and adopting practices where it is in their interest to pay early, such as reduced cost of goods, better supplier health, reduced risk and exclusive supplier relationships. For suppliers, having more control over when to receive payment, can address many of the challenges highlighted by this report – such as certainty of payment, enhanced cash-flow and a much reduced risk profile with traditional lenders.”

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For more information contact Taulia (www.Taulia.com)