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CONTRACT POLICES & PROCEDURES MANUAL CONTRACT POLICIES AND PROCEDURES MANUAL REVISED JULY 2013 1 CONTRACT POLICES & PROCEDURES MANUAL Table of Contents Section 1: Definitions .....................................................................................................................
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Organizations or companies that want to establish clear guidelines and regulations for contractual agreements.
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Any party entering into a contract who wants to ensure a fair and transparent process for all involved.
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Organizations seeking to streamline contract administration and ensure consistency across multiple contracts.
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Contract policies and procedures are the guidelines and rules set by an organization to govern the creation, execution, and management of contracts.
Contract managers and procurement professionals are typically required to file contract policies and procedures.
Contract policies and procedures can be filled out by documenting the organization's specific rules and processes related to contract management.
The purpose of contract policies and procedures is to ensure consistency, compliance, and efficiency in the management of contracts.
Information such as contract approval processes, vendor selection criteria, contract review procedures, and contract performance evaluation methods must be reported on contract policies and procedures.
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