CONTRACT NEGOTIATION

Project Management Glossary

Project Management — Contract Negotiation

 

 

 

 

 

 

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Information on Contract Negotiation

Contract negotiation occurs at the beginning of the acquisition phase of a project when the customer has selected a preferred tenderer and wishes to negotiate terms and conditions to establish an agreed contract that will cover the project. Normally only one tenderer is chosen for contract negotiation, although parallel negotiations may be undertaken with a number of tenderers. Contract negotiation is an important activity as the resultant contract will dictate the events for the remainder of the acquisition.

Other topics in our resources on Project Management related to Contract Negotiation include: 
 
  • Tender
  • Negotiation
  • Request for Proposal (RFT)
  • Solicitation
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  • Contract Award
  • Tender Evaluation
  • Invitation to Bid (IFB)
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  • Request for Quotation (RFQ)
  • Request for Tender (RFT)
  • Source Selection
  • Invitation to Register Interest (ITR)

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