This post was originally published 9/15/17. Updated 6/5/18.
Government contract management involves forming strategic business alliances with trusted governmental agencies and other private-sector contractors who can provide goods and other services to them. Government agencies regularly track, review, and approve a multitude of different contracts each fiscal year. Many of these agreements are quite complex in nature, and often require a rigorous set of policies to guarantee their obligations and deadlines are being met. Establishing and sustaining formal business relationships with vendors, suppliers, and other providers can become problematic for many agencies without the proper contract management tools.