Name one common issue that can arise during contract execution.

Study for the CIPS Contract Administration (L3M3) Test. Master key concepts with our structured flashcards and multiple-choice questions. Each question includes hints and explanations. Get ready to excel in your exam!

Delays in performance or delivery of services/products is a common issue that can arise during contract execution due to various factors, such as mismanagement of resources, unforeseen obstacles, or inadequate planning. These delays can significantly impact the overall project timeline, affecting the satisfaction of stakeholders, increasing costs, and potentially leading to disputes between parties involved. Effective contract administration strategies, including clear timelines, monitoring mechanisms, and communication protocols, are essential to mitigate this risk and ensure that all parties fulfill their obligations within the agreed-upon timeframe.

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