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Contract Flowchart

The document outlines the process for revising an existing contract. It shows that JV approval is not required for revisions to the original contract value if the enhancement value is less than $100K. For enhancements that increase the original contract value to over $500K, JV approval is required. It also notes that for contract validity extensions, only reporting to the OCM is necessary.

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Sauban Ahmed
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153 views2 pages

Contract Flowchart

The document outlines the process for revising an existing contract. It shows that JV approval is not required for revisions to the original contract value if the enhancement value is less than $100K. For enhancements that increase the original contract value to over $500K, JV approval is required. It also notes that for contract validity extensions, only reporting to the OCM is necessary.

Uploaded by

Sauban Ahmed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Contract Revision Strategy

Revision of
Contract

JV approval not
JV approval taken for
required for Original
Original Contract
Contract

ACV Enhancement Validity Extension ACV Enhancement Validity Extension

Enhancement No JV Approval Enhancement +


Value < $
No JV Approval
Original Contract
100K Required Required
Value < $ 500K

Yes Yes
Only report to
Only report to Only report to OCM Only report to OCM required
OCM required required OCM required

1
Contract Preparation Flowchart for Tajjal
New Contract/Purchase Order (PO)
Preparation

PR Initiation

No Competitive bidding
PR Va l ue> $75K Contract Award
is not mandatory

Yes

Competitive bidding
is mandatory Contract Expired

Technical &
Commerecial Revsion of
New Contract
Evaluation done Existing Contract

No
Contract Award ACV > $ 300K ACV
Validity Extension
Enhancement

Yes

JVs Approval
Report to OCM taken via CR No
ACV > $ 75K Contract Revised

Yes

2 Contract Award /
Revised

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