New Contract Wizard

The New Contract wizard helps you set up a new contract efficiently by letting you quickly:

  • Select an existing contract to use as a template when creating the new contract. You do not have to use a template, however.

    To copy the settings, projects, categories, and resources from an existing contract to the new contract, on the Copy From tab:

    • Specify a contract number in the Existing Contract Number field.
    • Specify a source for the default estimate. You can use the original estimate, the current estimate, actuals, or none of the amounts from the existing contract as the default estimate for the new contract.

    If you do not use the wizard, you will not be able to use a template or set default estimates for the new contract.

  • Choose whether to copy project customers from the existing contract projects to the new projects.

    To assign the new contract customer to all projects in the new contract that use the same currency as the contract customer:

    • On the Copy From tab, select Default New Contract Customers To Projects.

    If you do not select the option, or if a project does not use the same currency as the contract customer, the customer assigned to a project on the existing contract is assigned to the corresponding project in the new contract.

  • Format the new contract number. You use the Contract Number tab to select a structure code and to identify each segment of the contract number.
  • Choose the style for the new contract.
  • Choose whether to use the same optional fields as the existing contract (if you are using a template), the program default optional fields, or no optional fields in the new contract.

To use the New Contract wizard, click the Zoom button (Image of Zoom button.) beside the Contract field on the Contract Maintenance screen, then follow the instructions in the wizard.

When you click Finish, the program returns you to the Contract tab of the Contract Maintenance screen, which then displays the contract number and structure code you entered, as well as the settings, projects, and categories from the template, if you specified an existing contract.