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Procedure documentationCreating a Master Agreement from an RFx Locate this document in the navigation structure

 

A master agreement is a feature that enables you to analyze, audit, and measure specific buying activity against a contract's original strategic goals. With master agreements, you can leverage contract negotiations and management into cost savings and improved compliance.

You can create master agreements from within the Contracts module as well as from within the RFx and Auction modules at the conclusion of a sourcing event.

You must have the appropriate rights before you can create a master agreement from an RFx. You create a master agreement from an award scenario.

Prerequisites

The RFx is awarded and published.

The RFx is in edit mode.

Procedure

  1. On the Awards page, choose the Edit icon for the award scenario to use as the basis for a master agreement.

  2. In the toolbar of the award scenario, choose Actions and select Create Agreement from the dropdown.

  3. On the Select Document Type page of the Create Master Agreement wizard, select whether to create a master agreement or subagreement and choose Next.

  4. On the Creating: Master Agreement page, select a document type and choose Next.

  5. On the Select Collaborators page, choose the desired collaborators and choose Next.

  6. On the Select Supplier page, select the supplier for the master agreement and choose Next.

  7. On the Settings page, do the following:

    • Choose an expiration date for the agreement or choose Perpetual Term if the agreement should have no expiration date.

    • Select Include Line Item Attachments to include any RFx line item attachments in the agreement.

    • Select Copy RFx Questions to Agreement Terms to include RFx questions and responses as terms of the agreement. Only RFx text questions can be included in the agreement. Other question types are not included.

    • Choose Next.

  8. On the Select Specification and Attributes page, select line item specifications and supplier-entered attributes to include and choose Next.

  9. On the Preview and Confirm Selections page, review your selections for the agreement and choose Finish.