Promises provided to the purchasing organization in a contract (generally regarding the quality, longevity, and sustainability of the goods or services procured). You have the right to be indemnified (collect damages) if the warranty is not satisfied. There are differences between “expressed” (clearly in writing) and “implied” (understood from the context) warranties and how each is interpreted.
Procurement Courses
For Individuals
- PSPP: Procurement program for individual
- CMP: Contract Management Program – Essentials for Individuals
For Teams
- PSPP: Procurement program for Team
- CMP Contract Management Program – Essentials for Teams
- Webinars: Webinars for my Team
Disclaimer: The views and opinions expressed in this article are those of the Subject Matter Experts and do not necessarily reflect the official policy or position of The Procurement School.