Create New Contract Revision

Explanation

Creating a new revision can be done at any time during the contract management process. When creating a contract, a revision is created automatically, but any new revisions have to be created manually. Revisions are normally created to keep a history log of changes done to the contract throughout its lifetime. Creating contract revisions is not a must, but it is recommended to use this feature to track changes done between tenders, baselines, and current contract agreements.

Notice that revising a contract only affects the contract lines and contract line items. The rest of the contract belongs to the contract header and will remain the same for all the revisions. Any changes made to a revision when multiple revisions exist, will not have any impact on the other revisions.

Prerequisites

System Effects