Contracts – Status
Updated
Contracts – Status
There are various pre-set system statuses that can be set for a Contract. These statuses can be used to manage the life cycle of the Contract. They can also be used to filter and report on Contracts. In addition, some functionality is only available for Contracts in certain Statuses.
Some of the statuses have specific meaning, while some are more general and are included as they may be used during the Contract life cycle. However, the use of these statuses can be more specifically defined by an Organization about what it means and how it is used. Where that is applicable, it will be noted in the definition of the status.
Status | Definition | Functionality |
Draft | The Contract is still in a draft status and is not ready to be included in calculations, appear on budget etc. | The Contract General information and the Schedule of Values can be edited. Change Orders can not be added. Invoices can not be added. |
Out for Bid | The work for the Contract is Out for Bid to vendors or subcontractors.
| The Contract General information and the Schedule of Values can be edited. Change Orders can not be added. Invoices can not be added. |
Out for Signature | The Contract is awaiting signature by the Owner of the project. | The Contract General information and the Schedule of Values can be edited. Change Orders can not be added. Invoices can not be added. |
Approved | The Contract has been Approved.
| The Contract General information can be edited, except for the Client. The Client can not be changed. The Schedule of Values can not be edited. Change Orders can be added. Invoices can be added. |
Complete | The Contract work has been completed. It has not necessarily been invoiced or paid for yet. | The Contract General information can be edited, except for the Client. The Client can not be changed. The Schedule of Values can not be edited. Change Orders can be added. Invoices can be added. |
Terminated | The Contract has been Terminated. | The Contract General information can not be edited. The Schedule of Values can not be edited. Change Orders can not be added. Invoices can not be added. |
