Which competency is specific to managing the end phase of a contract?

The competency that is specific to managing the end phase of a contract is "Close Out Contract." This competency encompasses all the necessary actions and considerations that must be taken to effectively conclude a contract once all obligations have been fulfilled. It involves reviewing the contract to ensure all terms have been met, settling any final payments, and addressing any outstanding issues. Proper closure is critical to ensure that all parties are satisfied, and it also provides an opportunity to learn from the contractual experience for future engagements.

The other competencies, while important in the overall lifecycle of contract management, focus on different aspects. "Ensure Quality" relates to maintaining standards and specifications throughout the contract's execution. "Administer Contract" deals with the ongoing management and oversight required while a contract is active, ensuring compliance and performance. "Manage Changes" involves addressing any modifications to the contract during its term. All these competencies are integral to contract management but do not specifically address the concluding actions necessary at the end of a contract period like "Close Out Contract" does.