The purpose of a Contracting Vehicle is to capture an agreement reached between the vendor and the Acquirer. Subjects
covered generally include, but are not limited to, responsibilities and authorities, applicable terms and law,
technical and business management approaches, contract financing, and price. A Contracting Vehicle serves as a legal
relationship subject to remedy in the courts.
The content and focus of a Contracting Vehicle depends on the type of agreement it represents. Following is list of
some of the Contracting Vehicle types:
Although all project artifacts are subject to some form of review and approval, the legally binding nature of a
Contracting Vehicle usually means that it will be subjected to a more extensive approval process. In all cases, a
primary focus of the review and approval process should be to ensure that the language contained in the Contracting
Vehicle artifact describes what the vendor is offering and what the Acquirer is obligating to give in return.
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