Contract Approval Elevation Rules
Multi-Tiered Approval Elevation System:
The contract management system supports a sophisticated, multi-level approval elevation structure:
Multiple Approval Tiers:
- The system accommodates various levels of approval authority
- Each tier can be customized to reflect different organizational hierarchies or approval requirements
Tier-Specific Thresholds: For each approval level, customizable parameters can be established, including:
- Maximum rate
- Maximum percentage
- Minimum price
Quantity Range Specificity:
- These thresholds can be further refined based on specific quantity ranges
- This allows for granular control over approval requirements based on contract volume or scale
This tiered system enables:
- Precise control over approval workflows
- Alignment of approval authority with contract value or complexity
- Efficient routing of contracts to appropriate decision-makers based on predefined criteria
Each approval elevation level can be tied to specific spots in the approval hierarchy.
Configuring Approval Elevation Levels:
When establishing an approval elevation level, the following parameters must be defined:
Quantity Threshold Basis:
- Specify whether the quantity threshold applies on a per-product or per-contract basis for the entire level
Product-Specific Parameters: For each product (or globally), define:
- Unit of Measure (UOM) for subsequent specifications
- Quantity range parameters
- Threshold values within each quantity range: Maximum rate (numeric) - Applicable to fixed rate $ contracts, Minimum price - Applicable to fixed price $ contracts, Maximum rate (percentage) - Applicable to fixed rate % contracts
Additional Configuration Details:
- Multiple non-overlapping quantity ranges can be specified per product as needed
- One or more threshold values (max rate numeric, max rate percent, or min price) can be defined for each range
Automatic Approval Restrictions:
- Contracts containing products with undefined threshold types will not qualify for automatic approval
- Contracts including lump sum items are excluded from automatic approval processes
Example of Minimum Price Approval Elevation Rules:
