Many think of the contract management group as playing an administrative role within any organization. However, a structured and efficient contract management process can serve as the backbone to ...

A competitive contract is any contract that opens a bidding process, or competition, wherein the winning entity is awarded the contract. These types of contracts are usually awarded by public agencies ...

Business owners have important functions to play when it comes to managing the contracts they enter into with vendors, customers and employees. The field of contract management seeks to provide a ...

See the simplified IT contract routing process listed below or view the expanded IT Contracts Routing Process. Requisition submitted by requester Financial approvals by requesting organization Routes ...

The purpose of this document is to clarify the roles and responsibilities of RIT departments involved in the supplier contract review process including the department procuring the goods or services, ...

Contract life cycle management (CLM) is the automation and streamlining of the contract process through digitization. As the name suggests, it starts in the preauthoring stage and continues all the ...

Establishing a contract is accomplished by numerous professionals with unique skills working in unison to ensure the government gets the products or services it needs. "There is no way to capture all ...

Knowing what a contract bond is helps contractors, project owners, and stakeholders understand how to secure performance and payment in construction or service agreements. These bonds are common in ...

A rolling hedge is a risk management strategy that uses new options and futures contracts to replace expired ones, ensuring continuous protection for investors.