Contract lifecycle
In this video, Douglas Macbeth outlines the lifecycle of any contract from basic identification of a user need through all seven stages until the requirement is fulfilled or re-visited in some way:
-
Stage 1: Specification
-
Stage 2: Make – Buy
-
Stage 3: Source – Award
-
Stage 4: Implementation
-
Stage 5: Operate
-
Stage 6: End options
-
Stage 7: Lessons
This video identifies key issues needing management attention at each stage.
By watching this, you will be able to see how the various people need to be fully involved and actively working to obtain the best possible results.
What do you think might need further development in your own work situation?
Links are available at the bottom of this page to:
-
Douglas’ e-book on ‘Contract Lifecycle Management’
-
A set of resources on ‘Contract Management Standards’ from the UK Government’s Crown Commercial Service
-
A diagram which illustrates the ‘Stages of the Contract Lifecycle’ (in PDF format)
Contract Management: Building Relationships in Business
Contract Management: Building Relationships in Business
Reach your personal and professional goals
Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.
Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.
