Support Prepayment Transaction Type in Project Contracts

You can now enter the prepayment transaction type in the project contract header. This new field is displayed only for the external and award contract types. It lists all the active invoice transaction types with the transaction subclass as prepayment. The prepayment transaction type attribute is also available in the Contract REST, SOAP services, and Import Management.

Prepayment Transaction Type in a Project Contract

The contract administrator can easily identify whether the project contract is prepayment applicable based on the prepayment transaction type field.

Steps to Enable

You don't need to do anything to enable this feature.

Key Resources

• For information about managing prepayments in project contracts, please refer the 25A feature Advanced Project Contract Prepayment Billing in Project Management, Billing and Revenue Management module.