Contract types

Contract types are used to categorize a contract. Types are required when adding contracts.

These are the types of vendor contracts that can be created:

Contract
Blanket
Standing
Catalog/Quote
Service

Contract subtypes let you further define a contract type. If you define both a contract type and contract subtype for the same contract, the vendor contract assigned to the contract subtype is used to process the contract. (Note that contract subtypes are optional.) Note: Before you define a contract type, a contract group must already exist in Contract Management. For more information, see the Strategic Sourcing and Contract Management Administration Guide.