1. Identify stakeholders

Everyone agrees that a good contract manager needs solid contract management knowledge and skills to react effectively and intelligently to all contractual problems and critical situations, from offer to contract. Simply because it's his or her job! He or she deals with contracts on a daily basis, whether in the bidding phase or during project execution. He or she always tries to work with all stakeholders to ensure that everyone meets their obligations and expectations under the contract. In other words, contract managers are the experts in everything to do with contracts.

However, who said that only contract managers should have the skills and knowledge to handle contracts?

Most professionals are exposed to situations where they quickly need to understand what a specific contract clause means. However, contract specialists are not always...