The formulation of evaluation criteria has long-lasting implications throughout

Question

The formulation of evaluation criteria has long-lasting implications throughout the life cycle of a contract. The result should be picking the right seller for the contract. In fact, the development of evaluation criteria has often been debated to be one aspect of contract procurement that needs to be closely coordinated with both the contract administrator and project manager. What are your thoughts on the role that the contract manager should have in the development of evaluation criteria? What about the project manager? Who else should be involved in establishing and applying the evaluation criteria?

Explanation / Answer

Contract plays a key and integral role within the two parties in other term in business law its called as Offer and acceptance. Their is a full fledged team who takes care of the contract agreement duly signed between them here the operations,planning,legal,Sales team sit to together to have the terms and conditions in place before they reach to the conclusion and a legal document or in other terms a contract is made in the Stamp paper. Violation means breach of contract which is punisabhle under the law and he or she can be prosecuted and a legal proceedings can be run again the person.Thoughts are very clear about the contract manager and the project manager who are the key major players while formulating an contract agreement. As its clear in the above statements that the contract proceedings require the pressence of the legal cell generally these documents are prepared by the legal cell only who ensures that all the legal points are taken in note while finalizing the contract document. Since the contract agreement will either be with the administration or the legal person and since the document is very important the planning team shall always be involved while applying the evaluation criteria.

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