Page 13 - So You Want To Be A Federal Contractor?

SBA.GOV
Managing Contracts
Best Practices for Managing Government Contracts
Understanding your Abilities and Limitations
Learn and Abide by the Rules Never Miss a Deadline Maintain Good Working Relationships
Use the Right Technology
Establishing a solid contract management plan (CMP) Is crucial to managing your government contracts and abiding by all applicable federal regulations and contract clauses.
A clear CMP plan will include the following: clearly defined outputs, performance levels and objective information requirements, penalities in case of default and roles and responsibilities in monitoring performance and contract deliverables.
We will discuss more about developing a contract management plan in our next issue.