Once the executive has reviewed the Purchase Recommendation, they will need to decide whether or not to approve the recommendation and the associated contract.

  • While the hope of the acquisition team is that all recommendations are immediately approved, that is not often the case; many executive teams will require additional information prior to approval or may deny the acquisition outright.
  • The purpose of this template is to allow the executive to document and communicate reasons for approval or denial.
  • Once completed, it will be up to the acquisition team to resolve any outstanding issues prior to signing the final vendor contract.
In many enterprises, this form will serve as a required addendum to the Purchase Order (PO).

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