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Contracting

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Once you've selected the final supplier (or suppliers), your next step is to award the business. The Contracting phase converts the business terms you agreed to during the sourcing phase into a legally binding document that details the rules of engagement between the customer (you) and the supplier. The Contracting phase does not necessarily end with a signed contract. It could result in a pricing agreement with agreed‐to terms or a simple purchase order.

Managing Indirect Spend

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