Is it true that a master contract must be authorized for at least one site before approval?

A master contract in the context of Maximo must indeed be authorized for at least one site prior to its approval. This requirement is crucial as master contracts are typically used to establish terms and conditions that can be applied across multiple locations or sites within an organization. By ensuring that the master contract is authorized for a specific site, it guarantees that the agreement is relevant and applicable to the operational needs and procurement processes at that location.

This practice also aids in enforcing compliance and operational consistency across different sites as they utilize the same contractual terms. Authorization at a site level affirms that the terms of the master contract have been reviewed and accepted by the site management, which is essential for the contract's validity and implementation.

The options regarding cost thresholds or international contracts may not pertain to the fundamental requirement for site authorization but rather refer to specific conditions under which different contractual agreements might operate. Therefore, understanding that site authorization is mandatory prior to approval is key in managing contracts effectively within Maximo.