Review Contract

Explanation

Use this activity to indicate that the contract is under review. Reviewing is optional. Therefore, for companies that do not have this as a part of their business process, you can skip this and go directly to the activation stage.

Reviewing the contract involves discussing it both internally and externally, and together with the customer coming to an agreement on the contents of the contract. Once the agreement has been met and the contract has been updated with necessary changes as agreed, it can be activated.

Prerequisites

• The contract must be in the Awarded status.
• A contract revision in the Active status must exist.

System Effects

The status of the contract changes to Under Review.

Window

Sales Contract
Sales Contracts

Related Window Descriptions

Sales Contract
Sales Contracts

Procedure

1. In either the Sales Contract or the Sales Contracts window, select the contract to be put under review.
2. Right-click, point to Status and then click Review.