Assessor Resource
PSPPROC504A
Finalise contracts
Assessment tool
Version 1.0
Issue Date: April 2024
This unit covers finalisation processes for contracts. The unit is for officers whose primary role is contract management.
PSPPROC410A Administer contracts is the appropriate unit for officers undertaking contract management as a minor part of their work role.
The unit includes completing contracts and implementing a contract review strategy.
In practice, finalising contracts may overlap with other public sector generalist and specialist work activities such as acting ethically, complying with legislation, providing client service, providing leadership, developing policy, undertaking negotiations etc.
This is one of 4 units of competency in the Procurement&Contract Management Competency field that address the requirements of contract management performed by specialist contract managers.
Related units are:
PSPPROC501A Manage contract riskPSPPROC502A Establish contract management arrangementsPSPPROC503A Manage contract performance
The superseded unit PSPPROC404A Manage contracts is equivalent to the three units:
PSPPROC502A Establish contract management arrangements PSPPROC503A Manage contract performance
PSPPROC504A Finalise contracts
Equivalence may be claimed for EITHER:
PSPPROC410A Administer contracts ORPSPPROC502A - 504A inclusive, but not both.
This is a new unit of competency, added to the Procurement&Contract Management Competency field of the Training Package in 2004.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)