Creating Amendments
After a contract is activated, much of the data that is entered is controlled by amendment processing. A contract amendment is any change made to an active contract by which you are altering the fundamental obligations and entitlements of the contract. An amendment could include modifications to the data contained in the contract entry component, limit changes, changes to withholding terms and conditions, changes to progress payment terms, and so on. By using amendment processing, PeopleSoft Contracts enables you to maintain an audit trail, as well as a historical record, of changes made to the contract throughout its life cycle.