What aspects can contract administration include?

Contract administration encompasses a variety of tasks and responsibilities related to managing contracts throughout their lifecycle, ensuring that both parties adhere to the terms agreed upon. One core aspect of contract administration is handling contract pricing and delivery schedules. This involves establishing how much a service or product will cost, as well as when it should be delivered to meet the obligations laid out in the contract. Effectively managing these elements is crucial in maintaining the relationship between the parties involved and ensuring that expectations are met.

The other choices pertain to broader business functions rather than directly to the administration of contracts. For example, sales strategies and customer interactions focus on marketing and sales processes, recruitment processes are concerned with human resource management, and marketing plans with social media strategies deal with promoting services or products. While these areas are essential for a business's overall operation, they do not relate specifically to the administration of contracts.