What is one of the main objectives of a Contract Manager during the project lifecycle?

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One of the main objectives of a Contract Manager throughout the project lifecycle is to ensure compliance with legal requirements. This task is crucial because adhering to legal standards protects the interests of the organization and mitigates risks associated with breaches of contract or regulatory non-compliance.

A Contract Manager must be well-versed in relevant laws, contract terms, and industry regulations to guarantee that all aspects of the contract are executed lawfully. This includes understanding the implications of non-compliance, which can result in financial penalties, project delays, or even legal disputes. By ensuring that all parties involved adhere to these legal guidelines, the Contract Manager fosters a transparent and viable project environment.

While forecasting costs, negotiating terms with subcontractors, and managing project timelines are also important functions that might fall under the wider umbrella of project management, the primary responsibility of ensuring compliance with legal requirements stands out due to its significance in safeguarding the project's integrity and the organization's reputation.

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