Contracts and Procurement Manager Interview Questions and Answers

The contracts procedure outlines the steps and guidelines for creating, negotiating, and managing contracts.

• The procedure typically starts with identifying the need for a contract and determining the scope and requirements.

• Next, the contract is drafted, including terms and conditions, deliverables, and payment terms.

• The draft contract is then reviewed and approved by relevant stakeholders, such as legal and finance departments.

• Negotiations may take place with the other party ...read more