A Contract Basis for the Baseline (Contract Summary) is a summary of contract terms and conditions, focused on the directly involved in the project execution (scope of work, liability, payment and change management, etc.), and prepared by the project language and terminology rather that the legal. The Contract Basis for the Baseline Document should be developed by a project manager (PM) and reviewed by a legal department prior to publish, and shared with the project key members as a project baseline document.
Related Definitions in the Project: The Project Baseline; The Project Contract
