The General tab stores some basic information about the contract. On this tab users are able to track the type of contract, posting and valid dates, approval, amount encumbered and remaining value.
Field Name |
Special Function |
Value Approved |
Enter the amount of money approved for this contract. |
Encumbered * |
The sum of all the Amount fields in the attached Purchase Order records. This is the amount of money promised to fulfill contracts. |
Paid * |
The sum of all the Paid fields in the attached Purchase Order records. This is the amount of money that has been paid so far. |
Value Remaining |
Enter the amount of money approved minus the Encumbered field. |
Retained |
The amount of payment being withheld until project completion. |
* These fields can be automatically recalculated using the Calculate Total Amount Encumbered and Paid toolkit function.