Which of the following is a key role of a contract administrator?

The key role of a contract administrator is to monitor contract performance. This function is essential for ensuring that all parties involved in the contract adhere to their obligations and that the terms of the contract are executed as agreed. Effective monitoring involves regular assessments of the contract's progress, checking for compliance with specified requirements, and managing any variations or issues that may arise during the contract's lifecycle.

This role is crucial because it helps maintain quality standards, ensures timely delivery of services or products, and can facilitate proactive problem-solving. By diligently overseeing contract performance, a contract administrator can identify potential breaches or areas for improvement, enabling proactive management and fostering positive relationships among stakeholders.

In contrast, setting project deadlines, recruiting new team members, and conducting market research may be related activities but are not primary responsibilities of a contract administrator. While project deadlines may be influenced by the contract, those typically fall under project management. Recruitment pertains to human resources, and market research is usually associated with business strategy rather than contract administration. Each of these roles serves distinct purposes within an organization and does not directly relate to the specific duties of monitoring and managing contracts.