Contract Completion
Part 1
Your boss has asked you to complete the final contract that will become the document guiding the companies in the fulfilling the requirements you have presented in the previous weeks. Revise the Phase 4 draft by addressing feedback suggestions from fellow students and your instructor. You are to provide a white paper that includes the following:
An introduction discussing what topics will be discussed and an explanation of the purpose for administering a contract.
A statement of expectation, also considered the statement of work, defining the c services required.
A request for information using stakeholder requirements from previous phase.
Select appropriate contract format (example, fixed price, cost plus expenses, etc.) and explain why the selected contract type is appropriate for this effort.
Select appropriate terms you desire to incorporate from the Uniform Commercial Code. Provide the UCC designation and the title, not the complete wording in the code
Part 2
The legal terms and conditions should be detailed in the UCC section. The statement of expectation should include all rules the two companies (the contract provider and the buying company) must comply with for the contract to be considered fulfilled. Students will be expected to show they understand the specific rules each company must adhere to.
A PowerPoint presentation containing 5–7 slides is required in addition to the paper. The PowerPoint presentation should be a brief summary suitable for presentation to management justifying the recommendation.
Solution Preview
Contract administration is the process of managing and overseeing a contract after being executed, and work begins. It is the management of the relationship and contract between a seller and a buyer, and documentation of the performance of a seller to establish the appropriate corrective actions. The process is necessary for both parties and should undertake it for their purposes. This white paper will discuss the critical aspects of contract administration including the purpose,
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