Browse Definitions:
Definition

IT procurement contract

Contributor(s): Matthew Haughn

An IT procurement contract is a document detailing the legally-binding agreement between a vendor of IT products and services and the purchaser.

IT procurement contracts require careful oversight and more interaction between the contracting parties and any involved third party, such as a lawyer, who is evaluating the contract. The complex nature of information technology means that the third party is unlikely to have insight into the special requirements of IT systems, so the purchaser must ensure that all relevant requirements are fully detailed.

Following are common elements of an IT procurement contract:

A statement of work (SOW): The SOW specifies the requirements of a project or service contract and addresses how success will be assessed.

Item specifications: These include details for the design, function and performance of all items in the contract.

Testing and inspection schedule: This schedule identifies dates when goods or services will be made available to the buyer for evaluation prior to delivery.

Delivery schedule: The schedule stipulates contractual dates for delivery and penalties for failing to deliver on time.

Warranties: This area details warranties provided and stipulates areas and conditions under which no warranty is offered.

Governing laws: Identifies the jurisdiction whose laws will apply for contract enforcement.

Termination: The terms under which either party may terminate the agreement.

Arbitration: Details if and how arbitration may be used to help resolve any disputes.

Charge-back policy: Specifies any buyer expenses that may be charged back to the vendor.

Payment schedule: Stipulates dates and terms for payment.

 

 

 

 

 

This was last updated in May 2016

Continue Reading About IT procurement contract

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchCompliance

SearchSecurity

  • copyright

    Copyright is a legal term describing ownership of control of the rights to the use and distribution of certain works of creative ...

  • keylogger (keystroke logger or system monitor)

    A keylogger, sometimes called a keystroke logger or system monitor, is a type of surveillance technology used to monitor and ...

  • password

    A password is an unspaced sequence of characters used to determine that a computer user requesting access to a computer system is...

SearchHealthIT

SearchDisasterRecovery

  • business continuity plan (BCP)

    A business continuity plan (BCP) is a document that consists of the critical information an organization needs to continue ...

  • call tree

    A call tree -- sometimes referred to as a phone tree -- is a telecommunications chain for notifying specific individuals of an ...

  • mass notification system (MNS)

    A mass notification system is a platform that sends one-way messages to inform employees and the public of an emergency.

SearchStorage

  • RAID (redundant array of independent disks)

    RAID (redundant array of independent disks) is a way of storing the same data in different places on multiple hard disks to ...

  • data migration

    Data migration is the process of transferring data between data storage systems, data formats or computer systems.

  • compact disc (CD)

    A compact disc is a portable storage medium that can be used for recording, storing and playing back audio, video and other data ...

SearchSolidStateStorage

  • NVMe (non-volatile memory express)

    NVMe (non-volatile memory express) is a host controller interface and storage protocol to enable a solid-state drive to use the ...

  • SSD RAID (solid-state drive RAID)

    SSD RAID (solid-state drive RAID) is a methodology commonly used to protect data by distributing redundant data blocks across ...

  • Tier 0

    Tier 0 (tier zero) is a level of data storage that is faster, and perhaps more expensive, than any other level in the storage ...

SearchCloudStorage

  • RESTful API

    A RESTful application program interface breaks down a transaction to create a series of small modules, each of which addresses an...

  • cloud storage infrastructure

    Cloud storage infrastructure is the hardware and software framework that supports the computing requirements of a private or ...

  • Zadara VPSA and ZIOS

    Zadara Storage provides block, file or object storage with varying levels of compute and capacity through its ZIOS and VPSA ...

Close