Base Contracts

A base contract is created without any primary parties in a sourcing negotiation flow.

You can create a base contract in draft status to negotiate the common set of terms and conditions with all the invited suppliers. The contract terms can be either structured or attached as a document.

You can easily add the base contract in the search criteria. Simply click the Add Fields button and then select Base Contract. In the search result, you can view base contracts along with the transactional contracts you have with other parties.

In addition, you can visibly identify a base contract from other contracts in the search results, contracts overview, and business intelligence report with an icon. When the corresponding negotiation with the supplier is canceled or deleted, you can delete the base contract. You can’t activate a base contract.