Terminating a Contract
Once a contract has been processed, Finance will (begin to) pay into the terms of the agreement. If there is a failure in the terms stated in the contract, here's the way to tell Finance to end the contract immediately.
Before We Start
You can only issue a termination request for a contract that has the status PROCESSED and a Purchase Order number available.Overview of Steps
- Login to Sinai Central
- Find the transaction
- Terminate the Contract (see below)
Terminate the Contract
- After finding the Contract that you want to end, click on TERMINATE in the left hand menu.
- The form becomes editable at the following fields:
- All requester information (including the Shipping Destination in the Delivery section)
- Not to Exceed
- Effective Date (the end date of the specified period)
- Add Comment
Going Further
Using the TERMINATE tool triggers a transaction request. As a request, it will go through the same approval process that the contract originally went through.Unlike a Change Order, you are telling Finance that the contract is to be considered null and void. Explaining the justification for the terminate request as completely as possible will save you time and effort down the line. The tool will not allow further editing of the contract.
Please do not enter a new contract request into Sinai Central with the intent for the requisition to terminate another requisition.
It will be denied by Purchasing.
It will be denied by Purchasing.
