A contract manager needs to understand the advantages and pitfalls of contracts and be familiar with a plethora of contract details.

Build and maintain relationships with vendors, clients, and other business connections

Maintain contract-related documents and correspondence

Present contract information to relevant parties, such as stakeholders

Troubleshoot contract-related problems, such as breach of contract

Keep track of contracts and extend, renew, or close them out

Assist with the employer's compliance with mandatory standards

Stay informed about changes to relevant rules and regulations

Make a timeline for the project that includes a range of project milestones

Tracking of external regulations and laws.

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