WorksheetsContracts Warm-Up Exercise
Total questions: 5
Worksheet time: 3mins
The vendor and I agree to change a term/obligation in a previously executed contract over the phone, I don't need to do anything further.
True
False
How do I know if I can sign a contract binding AWI?
Refer to CP-80.A Global Procurement Policy
Refer to AWI's Code of Business Conduct
Refer to CP-70.A Transaction Approval & Signing Authority
Ask Legal
When are bids required prior to entering into a contract?
All direct purchases greater than $50,000 and indirect purchases greater than $500,000
All indirect purchases greater than $100,000 and direct purchases greater than $250,000
All direct purchases greater than $100,000 and indirect purchases greater than $500,000
All indirect purchases greater than $50,000 and direct purchases greater than $500,000
Limitation of Liability should never exceed the total contract cost.
True
False
Which of the following are business terms.
Right to Audit, Inspection, Delivery, EEOC
Delivery, Inspection, Price & Pament, Specifications
Force Majeure, General Indemnity, Assignment, Insurance
Disputes, Remedies, Products, Term
