Procurement Contracts

Literature Review on (Procurement) Model Contracts

In the Encyclopedia of Public Administration and Public Policy, [1] Michael Asner offers the following summary about the topic of (Procurement) Model Contracts: Contract negotiation is an important and critical element in dealing with suppliers. It is part of the procurement process. There is little point in including an incomplete or poorly drafted contract in the request for proposal (RFP) stage, or introducing it into the negotiation process. It is the contract that formalizes the intent and agreement of the parties and must therefore accurately document all the terms and conditions. The contract must be enforceable in court. It must also reflect the understanding and expectations of both parties.

Resources

Notes and References

1. Entry about (Procurement) Model Contracts in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

• Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)