What is one key factor that can improve contract compliance?

Providing comprehensive training on contract requirements is a key factor that can significantly improve contract compliance. When stakeholders involved in contract management, including contracting officers, project managers, and legal teams, are well-versed in the specific requirements, terms, and conditions of contracts, they are better equipped to adhere to them. This training ensures that all parties understand their responsibilities and the consequences of non-compliance, which in turn fosters a culture of accountability and diligence in managing contracts.

Furthermore, comprehensive training can help in identifying potential issues before they escalate, leading to proactive management of contracts rather than reactive responses to problems. This increased awareness and understanding of contractual obligations contribute to better performance and compliance, ultimately enhancing the effectiveness and efficiency of contract execution.