SCHOOL OF BUSINESS BPS 314 - CONTRACTS AND CONTRACT MANAGEMENT Assignment No. 1 - 21 March, 2022 Statement A Contract is a legally enforceable agreement, which is used to actualise an exchange of promises for which the law can provide a remedy if the promises are not kept, by either party to the Contract. A Contract may be an agreement to pay something, to do something, to not do something, to give or receive something, or to warrant something. A Contract may be written down, or it may be verbally agreed; it may be a formal document that is negotiated over many months, or it may arise via an exchange of emails or even a handshake. Required Discuss in detail with examples how successful Contract Management and Administration can benefit an Organisation of your choice Submission date & deadline: 9 April, 2022 by email [jonesjkalyongwe@ymail.com] before midnight Style of writing and presentation: 1. 2. 3. 4. 5. Paper size: A4 Line spacing: One and half spaces Page numbering: Centre bottom Font size: Palatino Linotype 12 Symbols: Symbols such as % should appear in full as “percentage”