What does contract administration primarily focus on?

Contract administration primarily focuses on how the terms of the contract will be managed throughout its lifecycle. This includes monitoring the performance of the parties involved, ensuring that obligations are met as specified, and making any necessary adjustments to maintain compliance with the contract's terms.

Effective contract administration ensures that both parties understand their responsibilities and provides a framework for addressing any issues that may arise. It encompasses tracking deliverables, managing changes, and ensuring that the terms are adhered to, which contributes to the overall success of the contract and helps mitigate risks.

The other options, while relevant to the broader context of contracts, do not capture the essence of contract administration. Negotiating terms pertains to the initial discussions before the contract is finalized, compliance with regulations is a part of the contract management process but not the main focus, and developing new contracts speaks to the creation side rather than the management of existing agreements.