The Award State communicates to a vendor the details of the award, which the client agrees. Award transactions establish a formal agreement with a vendor, either to purchase defined goods or services or to set prices for future purchases. Awards range from contracts for consulting services to Master Agreements for office supplies. The Procurement Management page is the central repository for all award transactions, milestones, and notes for a procurement. Refer to the "Procurement Management" topic for more information.
The Award State is one of two required States in the procurement process. The other required State is the Post Award State.
The Award State is delivered with the following Transaction Types: PO, CMR, MA and MMR. The CMR and MMR Transaction Codes are not included in the Procurement Folder logic; that is, the CMR and MMR display the Procurement Folder fields and values from the referenced CT and MA transaction, respectively; however, these transactions will not be displayed in the Transaction tab of the Procurement Management page for the selected folder.
It is important to understand the following areas in regards to the Award State: