How can a contract management plan help in mitigating the risks associated with sole-source contracts?

Jul 30, 2014 ... Healthcare.gov: Ineffective Planning and Oversight Practices Underscore the Need for Improved Contract Management. GAO-14-694 Published: Jul ... Contract management is formalized through the development of a Contract Management Plan (CMP) at the beginning of the contract term. The plan is monitored ... This Contract Management Plan provides general information and specific guidance to. Contracting Officer's Representative's (COR), Quality Assurance ... Apr 3, 2025 ... What is a contract management plan? A contract management plan (CMP) is a document outlining how a contract will be managed throughout its ... These are managing risks, ensuring well-defined role and responsibilities, clarity in reporting lines, making payments on time, and last but not the least, ... Feb 27, 2024 ... What is the process for creating a contract management plan? · 1 Understand the contract · 2 Define the roles and responsibilities · 3 Set the ... Risks are inherent in all stages of the contracting and procurement process. The use of risk assessment during the planning stage may be necessary depending on ... Contract administration is the management of all actions that ensure a contract between an agency and a contractor is satisfactorily performed. Jul 1, 2024 ... A Contract Management Plan must be completed and approved by the Contract. Owner for all procurements assessed as complex or strategic. • This ... Finalizing the Contract Management Plan ... USING THE CONTRACT MANAGEMENT PLAN TO MANAGE A CONTRACT.