Contract Administration
Definition of Contract Administration as it relates to Real Estate, Real Estate Management, Construction Project Management
Contract Administration refers to the management and oversight of contracts during the construction project management process. It involves ensuring that all contractual obligations are met, tracking changes and modifications, managing disputes, and facilitating communication between parties. This function is critical in maintaining the integrity of the construction project, as it helps to ensure adherence to budgets, schedules, and quality standards. By carefully administering contracts, project managers can minimize risks, prevent delays, and ultimately deliver successful projects that meet the objectives of all stakeholders.
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