Document background
The Contract Management Review Process document is designed to establish standardized procedures for reviewing, approving, and managing contracts within organizations operating in the Philippines. This document becomes essential when organizations need to ensure consistent contract handling, risk management, and compliance with local regulations. It incorporates requirements from various Philippine laws, including the Civil Code, Corporation Code, and industry-specific regulations. The process outlined helps organizations maintain proper documentation, manage risk effectively, and ensure appropriate levels of review and approval for different types of contracts. This document is particularly important in the current business environment where contract complexity and regulatory requirements continue to increase.
