Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT
financing for customers must be handled in the same manner as with extended credit terms, that is, through CTS. It is mandatory that unit Finance be closely involved in these matters to ensure that the effect of such agreements are properly reflected in business unit plans and analyzed in accordance with Corporate.
Contract Review:
Contractreview is the activity performed to (1) ensure that Project/ Product/ Services Organization knows and understands the customer requirements set out in any Request for Quotation, extended in any Project/ Product/ Services Organization proposal, or tendered by Project/ Product/ Services Organization pursuant to a bidding process and (2) that Project/ Product/ Services Organization can meet those requirements. corporates must have detailed processes for contract review prior
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