Contract Performance, Renewal, Amendments, Termination and Closure

Description

This Skill Bit shows that during the contract performance phase, advanced communication protocols improve monitoring through real-time dashboards, automated alerts, and comprehensive reporting, providing insights into contract performance and facilitating timely issue resolution. In the renewal and amendments phase, these protocols offer automated notifications and version control, streamlining the renewal process. For contract termination and closure, they enhance procedures with checklists, documentation templates, and robust electronic records management, ensuring thoroughness and secure archival of contract documents.

Duration approx. 3 Min.

Tier: advanced