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Contract management For letting Agents Contract management is the active monitoring and control of all aspects of the
relationship between the service provider/contractor and the customer. The aim of
contract management is to ensure the delivery of a cost effective and reliable service
at an agreed price and standard. It must be consistent with legal requirements and
financial propriety.


Both parties should understand, from the outset, their respective obligations and that
they fulfill these efficiently and effectively to provide best value for money. The
process starts from the identification of the requirement for goods and services and
runs through to the completion of the contract.


Staff responsible for monitoring and controlling the contract should be identified at
the beginning of the procurement process i.e. contract manager, and should be
involved from the specification stage. This ensures best practice prior to contract
award and reduces the likelihood of problems.

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LettingAgencyBusiness.com
is a resouce center for Letting Agency Business owners and managers who want to easily and quickly turn their Letting Agency Business into a MORE profitable Business.

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