Write a 1400- to 1750-word paper in which you explain theprocess for conducting and closing procurements. Include thefollowing: Outline and explain high-level process steps forconducting project procurements. Outline and explain contractadministration policies and procedures. Describe tools andtechniques for the contract administration process including thefollowing: Contract change control process Procurement performancereviews Inspections and audits Performance reporting Paymentprocess (n/30 n/60 and so forth) Records management system (RMS)Describe conflict resolution techniques used while managingcontractual relationships. Outline steps to be taken to close outproject procurements. Explain the importance of closing projectprocurements and accounts. Examine external influences on theprocurement and risk management process. Analyze the relationshipbetween the risk response plan and the external influences. Formatyour paper consistent with APA guidelines.