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1. Contract request and planning · 2. Contract authoring · 3. Contract negotiation · 4. Contract review and redlining · 5. Contract execution · 6. Obligation. Five Stages of Contract Management Monitoring & Control of performance Change Management Dispute Resolution Financial M Monitoring & Control of Contract. The Stages of Contract Management · Create: The contract management system must have the ability to incorporate standardized procedures with details specific to.

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What is Contract Management? · Stage One: Identify Your Needs and Reasons for Requiring a Contract and Then Make the Initial Request · Stage Two: Author the. Stage 2: Contract Authoring, Review and Red lining, Contract Negotiation · Contract Request Information. ; Stage 3: Approval and Lawyer or Legal Review. Once the contract has been drafted, the business can send this to their counterparty and negotiations can commence. During this stage the parties will come to.

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Once the contract has been drafted, the business can send this to their counterparty and negotiations can commence. During this stage the parties will come to. Contract management encompasses everything from establishing the business case and confirmation of need through to relationship management and reviewing. Contract management refers to the business processes that manage the creation, implementation, and evaluation of contracts to maximize business performance and.