Renewal Period

The Renewal Period tab on the Contract Revision (CMR) transaction allows you to modify the amount of time allotted to renew the agreement with the vendor after it expires, and the number of days before the agreement expires that the buyer should be notified. This tab does not contain any required fields to submit the CMR transaction to Final. You should only enter values in the fields in the column on the right if a change is needed to the existing value shown in the column on the left. For additional information, refer to the CT - Renewal Period topic.