Common use of Management Systems Clause in Contracts

Management Systems. Each Party shall use its own management systems to conduct and record its business. Such systems shall, at a minimum, include the following components: financial management, accounting, MWBE subcontractor payment tracking, procurement, property control, estimating, and contract administration. All management systems must comply with any applicable Contract requirements.

Appears in 2 contracts

Sources: Prime Subcontractor Teaming Agreement, Prime Subcontractor Teaming Agreement