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, ...

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 ...

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 ...

Successfully obtaining business through the contract bidding process can be a lucrative means of securing long-term work and profit for your firm. Some contracts can guarantee steady cash flows for ...

In 2004, the U.S. Army Corps of Engineers (USACE) received one of its greatest contracting challenges. As the Army's agent for military construction (MILCON), USACE needed to execute an unprecedented ...

The PricewaterhouseCoopers (PwC) Report to Management on Internal Controls and Business Observations recommended that a university-wide protocol be established for the review of contracts. A committee ...

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.