Answer :
The CIB form, often known as the Construction Industry Board form, is typically associated with business or contract management, especially in industries related to construction or contract bidding. Being authorized to sign this form signifies having the legal and organizational capacity to engage or validate a particular business transaction, often in construction or other large-scale project commitments.
Here are some key considerations about who is usually authorized to sign the CIB form:
Corporate Officers: Typically, corporate officers like the CEO or CFO may have the authority to sign the CIB form. This authority allows them to make binding commitments for the company.
Project Managers: In some scenarios, project managers or contract managers may be given the authority to sign if they are directly responsible for the management of the project or bidding process.
Delegated Individuals: Sometimes, the authority can be delegated to specific individuals who have been designated to handle such forms on behalf of the organization. This delegation must be properly documented and approved by the company’s governing body.
Legal Representatives: For legal entities, the signing authority might be granted to legal representatives or attorneys-in-fact who have been given power of attorney.
It is pertinent for organizations to ensure that the individuals signing such forms have explicit authorization to do so, to ensure legal compliance and to bindingly engage the organization in the intended contract or agreement.
