Managing an executed contract

Congratulations, your agreement is signed and fully executed. You are now free to start working with the other party.

Your department is the office of record, which means ongoing management of the agreement remains your department's responsibility. Among other things, your department is responsible for:

  • Ensuring performance metrics are met
  • Obtaining necessary insurance documentation (if required in the agreement) from Risk Services
  • Managing budget
  • Invoicing and receiving payment
  • Managing deadlines
  • Sending requests for agreement extensions or renewals to the appropriate contracting office