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View Full Version : Timing of Legal contract approval in the requisiton process


pc0315
03-03-2010, 05:59 PM
I am looking for best practice information on most effective approach in managing Legal approved Contracts/Agreement versions through the requisition process.


1. Require the contract be considered 'final' Legal approved version prior to requisition routing and approval?

or

2. Run parallel work streams. Allow a 'draft' contract version to be submitted to start the requisition approval process. Legal finalizes the contract. Once the requisition is approved, Procurement coordinates and obtains 'final' contract version prior to PO issuance to supplier.