What must occur before a contract can be approved, regarding site authorization?

For a contract to be approved in Maximo, it is essential that it receives authorization for at least one site, with some exceptions. This requirement ensures that the contract aligns with the operational and financial strategies of the specific location(s) where it will be executed. Authorizing a contract at a site level confirms that the relevant stakeholders at that site have reviewed and accepted the terms, and it reflects the localized nature of many contracts, which can vary depending on site-specific factors such as logistics, regulatory compliance, and resource availability.

While having approvals from all stakeholders may seem important (as indicated in another choice), it's not the primary requirement for site authorization. Similarly, the notion that a contract can be approved universally disregards the importance of site-specific considerations and could lead to issues if a contract is applicable only to a subset of operations. Lastly, the approval being limited to financial officers fails to recognize the broader scope of governance often required for contract authorization, which typically includes operational management and other relevant departments. Hence, ensuring that a contract is authorized for at least one site is a critical step in the approval process.