Creating Contracts

VIDEO | Creating New Vendor Data Items

To create a new Contract:

  1. Open the Vendor Data Module. Click New then select Contract.

  1. Enter all required information. Mandatory information for a new Contract (default settings) includes:

    • Contract Number

    • Description

    • Vendor Company

    • Expediting Contract (Yes / No)

    • Status (selected from values defined in the Contract Status Configuration Table)

Some fields that have specific functionality associated with them are:

  • Review Turn Around Time: Used to calculate the scheduled return date to the vendor for documents submitted.

  • Resubmittal Turn Around Time: Used to calculate the scheduled return date to the vendor for documents re-submitted.

  • Liquidated Damages Cap: This is defined either in terms of percentage or amount and is only enabled for Expediting Contracts.

  1. Click Save, then Close once complete.