What is included in the process of performing a contract?

In the context of performing a contract, monitoring risk during contract execution is essential because it involves tracking the various aspects of the contract to ensure that all parties are adhering to their obligations and are aware of any potential issues that may arise. This proactive approach enables contract managers to identify and address risks that could impact the performance of the contract, such as delays, cost overruns, or compliance issues. Effective risk monitoring also helps in maintaining the relationship between the parties involved and ensuring the successful completion of the contract goals.

The other options, while important in the overall contract management process, pertain to different stages or functions. Reviewing cost proposals from offerors and preparing negotiation strategies are part of the pre-award phase, where the focus is on selecting the best contractor or supplier. Administering contract disputes pertains to conflict resolution, which arises after contract performance has begun but is not a direct part of the ongoing performance process itself. Thus, monitoring risk is a continuous function crucial during the execution of a contract, making it the most relevant choice in this case.