Setting Up Master Contracts
To set up master contracts, use the Master Contracts component (CNTRCT_MSTR).
This section provides an overview of master contracts and lists the pages that are used to set up master contracts.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
Master Contract Page |
CNTRCT_MSTR |
Define a master contract for several purchase order or voucher contracts. |
|
VNDR_LOOKUP_WRK |
Search for suppliers. If the supplier does not exist in the system, you can also use this page to access a page where you can add a supplier. For you to enter a supplier into the system, the user ID must have the proper authorizations selected on the User Preferences - Procurement - Supplier Processing Authority page. |
Use master contracts to group several contracts for the same supplier and then track them using one master contract ID. You associate the individual contracts with the master contract ID by designating the master contract ID on the Contract Header - Entry page.
The master contract ID can be used as the number for referencing the agreement with a supplier. Each contract ID that is associated with the master contract can serve as an internal identification number for use in an organization. Using the PeopleSoft PSQuery tool, you can report across all of the individual contracts that you have associated with this master contract.
Master contracts also provide a method for grouping sets of voucher contracts for a supplier for reporting purposes. For example, a supplier may lease several buildings to you. You can establish a master contract that covers all the leases for each building. You establish voucher contracts for each building and mark them with the master contract ID on the contract header to report on all lease payments to the same property management organization. You can then generate queries and reports based on vouchers for product lines using the master contract ID as criteria.
Before setting up master contracts, you must decide whether to have the PeopleSoft system assign numbers to contracts automatically or whether to manually assign the unique contract IDs.
To access the Master Contract Page, navigate using .