Contractor Management refers to the process of overseeing and coordinating the work of external contractors hired to complete specific tasks or projects. This includes selecting qualified contractors, negotiating contracts, and ensuring that they meet the agreed-upon standards and deadlines. Effective management helps maintain quality, control costs, and mitigate risks associated with outsourcing work. Additionally, Contractor Management involves monitoring contractor performance, ensuring compliance with regulations, and facilitating communication between contractors and the organization. By establishing clear expectations and maintaining oversight, businesses can enhance productivity and achieve successful project outcomes while fostering positive relationships with their contractors.