Revising contracts

You can create a revised version of a contract. You can also create multiple revisions of a contract.

Before you begin

A contract must have an Approved (APPR) status before you can revise it.

About this task

The Revision field of the contract indicates the number of times a contract has been revised. When you insert a contract record, the revision number is zero. As you make revisions to the contract, the next consecutive number is inserted in the Revision field. This option is available in more than one application.

Procedure

  1. In a contract application, display the contract you want to revise.
  2. Select the Revise Contract action.
  3. Type a description.
  4. Optional: Fill in additional fields as needed. An asterisk (*) indicates a required field.
  5. Click OK. A new version of the contract with a status of pending revision (PNDREV) is created. Note that the original version of the contract remains in the APPR (Approved) status and is still valid while you are completing the revision.
  6. Make the required changes to the revised version of the contract.
  7. Change the status of the revised contract to APPR (Approved) to make it active. This action also changes the status of the originating contract to REVISED.
  8. Click Save Contract.