Followed and that the contract is fulfilled in accordance with its terms. Depending on the terms of the contract, the contract administrator may be a representative of either party, or it may be a third party with no affiliation with either side. Contract administration may involve both the tendering stage and the post-construction stage of a construction project. It is necessary to monitor the financial and contractual aspects of projects during construction, including financial reports and cash flow projections for certificates of interim payments to contractors, as well as measuring deviations and agreeing on final accounts with contractors, among other things, in order to ensure that projects are completed on time and within budget.