Contract Administration/System Practice Exam
Contract Administration/System Practice Exam
About Contract Administration/System Exam
The Contract Administration/System Exam assesses a candidate’s understanding of managing contracts throughout their lifecycle — from initiation and negotiation to execution and compliance. This exam is ideal for professionals involved in legal, procurement, project management, or administrative roles where managing contractual obligations is key.
Who should take the Exam?
This exam is ideal for:
- Contract administrators and contract managers
- Procurement and supply chain professionals
- Legal support staff and paralegals
- Project managers overseeing vendor agreements
- Business owners managing service or vendor contracts
Skills Required
- Basic understanding of contract structures and legal terms
- Attention to detail and document management skills
- Communication and negotiation capabilities
- Familiarity with procurement or project workflows
- No prior legal education required
Knowledge Gained
- Understanding the contract lifecycle and key stages
- Drafting, reviewing, and negotiating contracts effectively
- Ensuring contract compliance and monitoring obligations
- Managing contract amendments, renewals, and terminations
- Using contract management systems and digital tools
Course Outline
The Contract Administration/System Exam covers the following topics -
Domain 1 – Fundamentals of Contract Administration
- Definition, scope, and importance of contract administration
- Types of contracts and key legal terms
- Roles and responsibilities of a contract administrator
Domain 2 – Contract Lifecycle Management
- Pre-award activities and contract drafting essentials
- Contract negotiation strategies and execution process
- Post-award administration, monitoring, and performance evaluation
Domain 3 – Contract Compliance & Risk Management
- Identifying and managing contract risks
- Ensuring regulatory and legal compliance
- Audit trails, reporting, and dispute resolution
Domain 4 – Amendments, Renewals, and Termination
- Procedures for contract modifications and extensions
- Managing termination clauses and contract closeouts
- Best practices for handling expired or non-performing contracts
Domain 5 – Contract Administration Systems & Tools
- Overview of digital contract management systems
- Document tracking, version control, and workflow automation
- Integration with procurement, legal, and project systems
