This activity is used to cancel a sub contract. You can cancel a sub contract when it is no longer valid, for instance, when a supplier has decided not to go ahead with a contract that is in the tendering phase.
Once the sub contract is cancelled, it will not be possible to perform changes on the sub contract and its lines and items. Likewise, it will not be possible to create new valuations against the contract.
The sub contract must not be in either the Completed or Closed status.
The sub contract revision is set to the Cancelled status.