Contract management can mean a number of things to a number of people. In many cases they are looking at one stage in the contract life cycle. There is money to be saved at each stage of the life cycle if you have the resources to manage your contracts rather than responding to each. Every point identified in this article will not apply to every contract, but it will give you an idea of the things to consider at each stage of the process. Part of the 2009 Annual Meeting Program Materials for Session 408.