Closing contracts

When you close a contract, the contract is removed from the In Progress or Active tabs and cannot be reopened or updated.

To close a contract

Access Contract Management > In Progress tab.
Select a contract that you want to close.

Note:
Before a contract can be closed, each purchase order line associated with the contract in the Purchase Order application must be closed.
From the Actions menu, select Close Contract.
Use the following guidelines to enter field values:

Action Reason

Required. Select a reason for why the contract is being closed.

Action Comment

Required. Type a comment to further explain the action reason.
Click OK.
Read the warning message and click Yes to close the contract.

The contract is closed and no further processing is allowed. The contract displays on the Closed tab.