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Statewide Contract Addendum This addendum is added to and is to be considered part of the subject contract.Statewide Contract #: SW0024B PeopleSoft Contract ID: Pcard Purchases Only Contract Title:
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A centralized contract is used to consolidate and manage contractual agreements within an organization or between entities, ensuring standardization and streamlined processes.
Typically, departments within an organization that engage in purchasing or procurement activities are required to file centralized contracts, along with any other stakeholders involved in contract negotiation.
To fill out a centralized contract, one must complete the required fields with accurate information, including parties involved, contract terms, relevant dates, payment terms, and any additional stipulations as per organizational guidelines.
The purpose of a centralized contract is to promote transparency, compliance, and efficiency in managing organizational contracts, while also mitigating risks associated with contract mismanagement.
The information that must be reported typically includes the names of the parties involved, the scope of work, pricing details, dates for commencement and termination, and any clauses related to breach, termination, or amendments.
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