What is the main focus of the process of administering a contract?

The main focus of administering a contract is managing risks in contract execution. Effective contract administration ensures that all parties meet their obligations and responsibilities as outlined in the contract. This involves monitoring performance, managing changes, and identifying any potential risks that may arise during contract execution.

By focusing on risk management, contract administrators can proactively address issues such as compliance failures, disputes, or changes in conditions that could impact the contract's performance. Managing these risks is crucial in safeguarding the interests of all parties involved and ensuring that contractual agreements are fulfilled as intended.

While aspects like increasing organizational efficiency or analyzing market prices may play a role in the broader context of contract management, they do not represent the primary focus of the administration process itself. Similarly, resolving negotiation impasses is more relevant to the pre-award phase rather than the administration phase of a contract.