Prepare the contract management plan for a critical or high-risk contract
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the executed contract, extract every obligation, milestone, deliverable, KPI, reporting duty, insurance and security requirement, option and notice period into the entity’s plan template, with the clause reference and the responsible officer field left for the entity to complete.
- What the lawyer must review
- The lawyer checks the obligations register against the contract, sets the risk ratings and escalation points, confirms notice periods and option dates are right, and decides what the business area must do and when.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the executed contract, extract every obligation, milestone, deliverable, KPI, reporting duty, insurance and security requirement, option and notice period into the entity’s plan template, with the clause reference and the responsible officer field left for the entity to complete. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Check every extracted obligation against its clause.
- Confirm option and notice dates independently from the executed contract.
- Confirm the plan names an owner for every obligation before it is approved.
Sources
- Buying for Victoria, Contract management and contract disclosure: goods and services policy · 2026-10-18
- Department of Finance, Commonwealth Procurement Rules 2025 (commenced 17 November 2025) · 2026-10-18
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.