On larger, more complex projects, _____.

A) the contract development is typically managed through the parent company
B) the contract development is managed by a part-time person assigned to the project
C) the contract execution is typically managed through the parent company
D) the procurement team can consist of work teams within the procurement function with special expertise in contracting
E) the procurement team cannot consist of work teams

Procurement Team

A group of professionals responsible for managing the procurement activities within a project, ensuring products and services are acquired efficiently and effectively.

Contract Development

Contract development is the process of drafting agreements that outline the terms, conditions, and responsibilities between parties involved in a transaction or project.

Parent Company

A company that owns a controlling interest in another company or companies, known as subsidiaries.