Revise a Contract

You use the Revise Contract dialog box to create a revised version of a contract. You can create multiple revisions of a contract. The Revision field of the contract indicates the number of times a contract has been revised. When you insert a new contract record, the revision number is zero. As you make revisions to the contract, the system inserts the next consecutive number in the Revision field.

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

This dialog box is available in more than one application.

To revise a contract:

  1. In a contract application, display the contract you want to revise.

  2. From the Select Action menu, select Revise Contract. The Revise Contract dialog box opens.

  3. Enter a description in the Revision Description field. To enter additional information, click Long Description .

  4. Fill in additional fields as needed. An asterisk (*) indicates a required field.

  5. Click OK to create a new version of the contract with a status of pending revision (PNDREV). The system updates the  Revision field.

Note: The original version of the contract remains in the APPR status and is still valid while you are completing the revision.

  1. Make the required changes to the revised version of the contract.

  2. Change the status of the revised contract to APPR to make it active. This action also changes the status of the originating contract to Revised (REVISED).

  3. Click Save Contract .

See Also

View Revision History

Contract Revisions