Set Contract Baseline

Explanation

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.

Prerequisites

• The sub contract should be in any of the following statuses: Awarded, Under Review or Active.
• An active sub contract revision must exist.

System Effects

• The active revision is set as contract baseline and frozen (if not already frozen).
• The Contract Baseline check box is selected in the General tab.

Window

Sub Contract

Related Window Descriptions

Sub Contract
Sub Contracts

Procedure

1. Open the Sub Contract window or the Sub Contracts window.
2. Query (F3) for the necessary sub contract.
3. Right-click and then click Set Contract Baseline.
4. A message requiring approval of the step appears, click Yes.