Certified Contract Management Associate Practice Test

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Which domain evaluates whether buyer and seller obligations have been fulfilled?

Contract administration
Close contract
Final payment
Contract performance

The correct answer is: Close contract

The domain that evaluates whether buyer and seller obligations have been fulfilled is identified as contract performance. This domain focuses on assessing if both parties to the contract have met their respective obligations throughout the contract’s duration. It involves monitoring and evaluating performance metrics to ensure that deliverables are provided as agreed upon. Contract performance encompasses several key activities, including tracking timelines, quality of work, and compliance with specific terms outlined in the contract. It is a proactive assessment that can also lead to adjustments if either party fails to meet their requirements, thereby maintaining the integrity of the agreement. On the other hand, the close contract phase typically occurs after all obligations have been fulfilled and involves finalizing the contract, ensuring all paperwork is complete, and conducting any necessary reviews. While it does touch on fulfilling obligations, it does not evaluate them directly, which is what contract performance specifically addresses.