Understanding PeopleSoft Contracts for Government Contracting Implementation

PeopleSoft Contracts delivers functionality that is designed to meet the specific needs of U.S. government contractors. To activate the features and functions associated with government contracting, you must define a contract and assign a contract classification of Government. However, before you can define a government contract, you must first set up the underlying infrastructure of the PeopleSoft Contracts system. This includes defining PeopleSoft Contracts business units, setting up core control tables, setting up billing and revenue tables, and so on. The government contracting features rely on the features and functions of PeopleSoft Contracts as the basis for its functionality.

Because the government contracting features are built on top of the PeopleSoft Contracts features and functions, by setting up the PeopleSoft Contracts application infrastructure, you will not only have the features and functions of government contracts available to you, but also many of the features and functions of PeopleSoft Contracts. This enables you to create and manage both government and non-government contract classifications.

During implementation, you should consider which features meet the needs of your particular organization from both a government contracts and non-government contracts perspective, and then set up the PeopleSoft Contracts system's business structure accordingly. After you have set up the core requirements for the PeopleSoft Contracts application, you must determine the best way to map your new system to your organization's existing business infrastructure, practices, and procedures.