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Tracking the contract lifecycle

You can use the contract status and status reasons to track the contract throughout its life.

A status can have one of the following status values:

  • Draft — Before the contract start date, the contract has a draft status. You can reset a cancelled contract to draft status.
  • Executed — At the contract start date, the contract status becomes executed.
  • Historical — When an executed contract expires or is canceled, its status is set to historical.
  • Delete — Use this status to flag contract records for deletion.

Status reason provides additional information, as listed in the following table:

Contract status reasons

 

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