NFI's Contracts Policy

NFI's Contracts Policy

What's a contract? 
- Service agreements
- MSAs 
-Software agreements
-Anything in writing that causes NFI to be responsible for ongoing payments or services to another organziation.

NFI Official Policy- Contracts and who can sign them

NFI Requires all contracts to be signed by a senior manager (VP or above).
Contracts should be run through the process to be reviewed by Strategic Sourcing and/or Legal, depending on complexity prior to anyone signing.
This is in place for several reasons:
1) To protect us from future litigation.
2) To ensure we aren't entering into any duplicative agreements.
3) Payments/billing needs to be handled as well.

Procedure Review Procedure

The process is as follows - fill out a contract request form, and note the turnaround time needed. The agreement will be reviewed and you will be notified of whether or not it will need to go to legal for review. You will be requested to prove you have approval for the spend value of the contract and if all is completed, it will be signed by Strategic Sourcing or your divisional VP. 

Form to Request a Contract Review/Creation




NotesIf you need further assistance, reach out to StrategicSourcing@NFIindustries.com



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