Abstract: A method, apparatus and program product which facilitate contract formation by making explicit the labor content of a bid presented by a second party (potential supplier) to a first party (buying the services or goods). Software executing on an information handling system and controllably accessible to both parties which provides a common set of the job roles, job skills and costs associated with a bid to be presented. Such clarification by use of a common taxonomic table enables the buying party to better understand the cost build up for the labor component and to rank the cost build up among several bidders.

Abstract: A dynamic review and approval process includes determining a minimum approval limit and constructing an approver list for procurement of one of goods and services. The approver list comprises a plurality of approvers, each approver having an approval limit that at least meets the minimum approval limit. The process includes removing one or more approvers who are unavailable and utilizing delegates for unavailable approvers. Processing approvals comprises notifying a first approver of the need for review and approval, receiving an approval or unapproval from the first approver, and repeating the steps of notifying and receiving for the remaining approvers on the approver list. An approval or unapproval from an approver not on the approver list is received and it is determined if the approval process is complete. It indicated to a user if the approval process is complete, otherwise the steps of notifying and receiving are repeated.