Procurement risk describes the dangers involved in the acquisition of materials or services. Learn how to identify and avoid risks – read more now!
Legal Lexicon
Procurement risk describes the dangers involved in the acquisition of materials or services. Learn how to identify and avoid risks – read more now!
An escape clause governs alternative courses of action in the event of contractual issues. Curious? Learn more in the full lexicon article!
An exclusion clause limits or excludes liability in a contract. Find out in the article how it works legally and when it is permissible!
Sandbagging means deliberately holding back performance or information – discover why and how it occurs in sports and everyday life!
A cost estimate assesses the anticipated expenses of a project or undertaking. Learn more about its structure and application in the article!
Milestones are important intermediate objectives in projects that mark progress. Find out how they support planning & success – discover more in the article now!
General Terms and Conditions of Supply
General Terms and Conditions of Supply govern rights and obligations in the provision of services. Discover important details to enhance your understanding! It’s worth reading on.
Deferred describes the postponement of tasks or decisions. Curious? Discover why people like to procrastinate!
