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  Companies that enter into contract agreements as part of doing business often employ contract managers to handle all the details of their contracts, including negotiation, implementation and enforcement. Businesses that make use of contract manages include construction companies and those that perform work for the government.
  
  

Contract Development

• Contract managers are involved in the development of the contract. This may include negotiating the contract terms and the presentation of the offer. Some contract managers may even write the actual document and create the language.
  
  

Contract Compliance

• Contract managers ensure compliance with the terms of the contract terms. They monitor progress to verify that services are performed as required and that all deadlines are being met. They may also establish reporting requirements that need to be followed by the participants.
  
  

Authorizing Payments

• If the contract calls for payments to be made during the life of the contract or at its conclusion, the contract manager authorizes them. The contract manager will also become involved in any disputes regarding payments in an attempt to find a remedy.
  
  

Pursuing Legal Remedies

• In situations where parties do not comply with the terms of a contract, the contract manager will pursue any available remedies, including taking legal actions such as initiating a lawsuit. They may also attempt to withhold and current or future payments until the matter is resolved.
  
  

Keeping Documentation

• Contract managers must maintain all documents related to the contract. They must also keep accurate and thorough records of contract transactions, including payment receipts and verification of performance. In the event of litigation, maintaining thorough documentation will ensure that the terms of the contract have been followed.