This activity is used to create a new revision of a sub contract. You can create a new revision at any time during the Sub Contract Management process. At the creation of the sub contract, a revision is created automatically. Thereafter, any new revisions need to be created using the New Revision Command in Revision and Items page. When a new revision is created, contract lines and items are copied from the old revision to the new revision. Deleted items will be copied if the audit trail feature is enabled.
Sub contract revisions are usually created to retain historical information on the changes performed on a sub contract throughout its lifecycle. Creating sub contract revisions is optional. However, it is recommended to use this feature to keep track of changes done between quotations, baselines and current sub contract agreements.
Note: Revising a sub contract only affects the sub contract lines and line items. When multiple revisions exist, any changes to a revision will not have an impact on the other revisions.
A new revision is created and displayed in the Revision and Items page.