Two tools to assist in contract closure are ____ audits and a records management system.
A) dispatch
B) supply
C) procurement
D) acquisition

Question

Quizplus · Accepted Answer

Contract closure involves verifying that all the terms and conditions of the contract have been met and that all deliverables have been provided to the satisfaction of the customer. Both procurement audits and a records management system can help in verifying that all contractual obligations have been fulfilled. Procurement audits help to ensure that all procurement activities were carried out in accordance with established policies and procedures, while a records management system facilitates the storage, retrieval, and disposition of project information and documentation. While dispatch and supply may be useful resources in other stages of contract management, they are not directly related to contract closure. Acquisition is also not the best choice, as it refers to the entire process of obtaining goods or services, rather than just the final stage of contract closure.

Two Tools to Assist in Contract Closure Are ____ Audits