This activity is used to set the contract baseline. To make sure we keep track of the sub contract values, on which the sub contract was agreed, we can take a snapshot of the sub contract once it's been agreed with the supplier.
To be able to compare the initial contract baseline with the invitation to
tender baseline and the current sub contract, it is important that we set the
contract baseline once the sub contract has been agreed with the supplier. This
is especially important when there is a need to document what was originally
agreed upon. It will in addition be useful when having to do changes to the
sub contract after it’s been agreed.
Once the contract baseline is set,
the active revision will be frozen and changes to this revision will no longer
be allowed.