XI. Procurement and Contract Management

Guide to Financial Operations

XI.12 Overview

XI. Procurement and Contract Management
Guide to Financial Operations

The management of contractual agreements is a critical aspect of government contracting and ensuring the prudent expenditure of funds. From contract award to contract closeout, any number of circumstances may arise that necessitate action by the agency and the Office of the State Comptroller (OSC) to ensure continuity of programs and services. This section provides information on the managing and monitoring of contracts; processing contractor or contracting agency changes; and requirements for closing and, if necessary, reopening contracts in the Statewide Financial System (SFS).

Guide to Financial Operations

REV. 03/19/2012