Logical stages, steps or chunks of work in the contract. Milestones are often used as a strategy to control the quality of contract results by tying payments to specific delivery or completion milestones. The contractor must successfully complete each milestone before they are paid and before they can move onto the next phase of work—controlling both project delays and scope creep.
Procurement Courses
For Individuals
- PSPP: Procurement program for individual
- CMP: Contract Management Program – Essentials for Individuals
For Teams
- PSPP: Procurement program for Team
- CMP Contract Management Program – Essentials for Teams
- Webinars: Webinars for my Team
Disclaimer: The views and opinions expressed in this article are those of the Subject Matter Experts and do not necessarily reflect the official policy or position of The Procurement School.