Progress Payment Statuses

When defining progress payment terms, you need to assign a status. Progress payment terms statuses are managed by the user, and control the actions that can be performed against the progress payment. Progress payment status values include:

Term	Definition
Pending	When creating a new progress payment row, Pending appears by default as the status. All fields for pending progress payment terms rows are fully editable and are not subject to system edit checking. No processing occurs against pending progress payment terms. Progress payment terms rows that have a status of Pending can be deleted.
Ready	After the progress payment terms information is complete, and the progress payment is ready for processing, manually update the status of the progress payment terms row to Ready. Progress payment term rows in Ready status are edit checked by the system, most of the fields become unavailable for edit, and the progress payment terms are eligible for billing and liquidation (if the progress payment amount is greater than zero, and the contract is activated). Progress payment terms cannot be set to Ready status if the Progress Payment Rate or Liquidation Rate is greater than 100, or a negative rate. Note: Progress payment term rows in Ready status can be changed back to Pending status only if the contract has a processing status of Pending. Any changes required after the contract has a processing status of Active must be performed using amendment processing.
Completed	After the progress payment amount has been fully liquidated, manually set the status of the progress payment terms row to Completed. No processing occurs on progress payment rows with a status of Completed. When setting the progress payment terms status to Completed, the system performs the following steps: Verifies that the unliquidated amount equals zero. Verifies that the committed amount equals zero. Verifies that the progress payment amount does not equal zero. Automatically updates the completed date. Note: Progress payment term rows with a status of Completed can be changed back to a status of Ready for an active contract, if additional progress payment requests are required. However, the completed date is not reset in these instances.
Cancelled	Progress payment term rows in either Pending or Ready status can be manually set to a status of Cancelled if the following conditions are true: The progress payment amount equals zero. The unliquidated amount equals zero. The committed amount equals zero. Note: If billing or liquidation has occurred on a progress payment amount, you must first reverse those amounts to bring the corresponding balances to zero before you can set the status to Cancelled.

Contract Processing Status	Progress Payment Terms and Billing Plan Statuses
Pending	Set progress payment terms to Pending, Ready, or Cancelled status. Progress payment billing plans cannot be created until the contract processing status is set to Active.
Active	Set progress payment terms to Pending, Ready, Completed, or Cancelled status. Set progress payment billing plans to Pending or Ready status. During processing, the system sets the progress payment billing plan status to In Progress, Complete, or eventually Recycled or Reversed.
Closed	You must set progress payment terms to Completed or Cancelled status. You must set progress payment billing plans statuses to Completed or Cancelled.