When you have completed this chapter, you will be able to:
understand the advantages and disadvantages of using goods and services brought in from outside the organization;
distinguish among the different types of contract;
follow the stages needed to negotiate an appropriate contract;
outline the contents of a contract for goods and services;
plan the evaluation of a proposal or product;
administer a contract from its signing until the final acceptance of project completion.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.