How to answer this Ethics and Integrity interview question about Contract Compliance for Mid-Level Contract Manager?

How do you ensure compliance with contract terms and conditions throughout the contract lifecycle?

Contract Manager

Ethics and Integrity

Asked at

Accenture

Difficulty :

Medium

Explanation

This question evaluates your ability to oversee contract compliance and manage risks associated with non-compliance. Recruiters are looking for candidates who can implement monitoring systems, collaborate with stakeholders, and address issues proactively. A strong answer will include specific tools and processes used to ensure compliance. Avoid failing to address the importance of regular audits and communication.

Answer Example

I ensure compliance by setting up a contract management system to monitor key milestones and obligations. For example, I used tools like SAP Ariba to track deliverables and deadlines, conducting quarterly audits to ensure adherence to terms. I also maintained regular communication with stakeholders to address potential risks early, ensuring a 100% compliance rate for a major service agreement.

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