Bill of materials (BOM) A bill of materials (BOM) is a formal and complete hierarchal documentation of the specific items that need to be...
Buyer Buyer is a noun that, quite simply, refers to one who “buys”, or purchases. Further elaboration as to what a...
Claim A claim refers to an action (in the form of a demand of assertion of rights) by one party of...
Claims Administration The managing contract is very important in project management. Contracts set the professional relationship between the buyer and seller thus...
Closed Procurement’s Everything must come to an end even in project management. However, in the process of finalizing a particular project, there...