2 Replies Latest reply on Oct 22, 2009 7:12 PM by S.PDASH

    Procurement Contract Terms

    608027
      Can anyone explain the significance of using Procurement Contract Terms from the end-user perspective?I mean, when and why is it used? We have a case where the client has different terms and conditions with different vendors (mostly for different annual maintenance contracts).Can we attach these as templates(using Procurement Contracts) and get the output from seeded reports in Purchasing?

      Any document reference, apart from throwing light on the above queries would be of immense help.

      thanx!!
        • 1. Re: Procurement Contract Terms
          729580
          Procurement Contracts give you the ability a to add clauses and conditions created by the buyer company/ The suppliers will be governed by these clauses.

          Procurement Contracts also gives you the option to attach a Supplier Authored Contracts. Word Format document which you import and attach to the PO/BPA.
          This is case is how you attach supplier terms and conditions

          Hope this helps
          • 2. Re: Procurement Contract Terms
            S.PDASH
            Hi
            Procurement contract is basically a set of rules set by a company for his suppliers....In apps, basically it will go to supplier (note to supplier) as an attachment along with the PO through mail.

            Please refer below link to understand what is a procurement contract
            http://www.wisegeek.com/what-is-a-procurement-contract.htm

            Your another query is :
            We have a case where the client has different terms and conditions with different vendors (mostly for different annual maintenance contracts).

            This can be handled by different terms and conditions templates/files, but to be honest we have never tried this option before.

            Regards,
            S.P DASH