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Contract Lifecycle Managementnoun · abbr.

Managing contracts from drafting through renewal or exit.

CLM covers the full life of an agreement: drafting, negotiation, approval, signature, storage, obligation tracking, variation, renewal and termination. The aim is that nothing agreed is forgotten.

Most value leaks after signature. Missed renewal dates, unclaimed rebates and unenforced service levels are the standard failures, and they come from contracts sitting in inboxes rather than a register with dates and owners.

See it in AWRA OpsHub

Document Vault

Related terms

Framework Agreement

A pre-negotiated agreement suppliers are called off from as needs arise.

Audit Trail

A tamper-evident record of who did what, when, and to which record.

Payment Terms

The agreed timing and conditions for settling an invoice.

Supplier Scorecard

A structured rating of a supplier’s delivery, price and quality performance.

More in Procurement

Approval Workflow Approved Vendor List (AVL) Bid Evaluation Blanket Purchase Order Category Management Conflict of Interest (CoI) Cost Avoidance Delegation of Authority (DoA)

Contract Lifecycle Management is not just a definition here

Procurement runs on this vocabulary every day in AWRA OpsHub — 40 of our 259 glossary terms describe things the platform actually does.

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