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You can cancel a contract if it is no longer required, yet you wish to retain it for archival purposes. A canceled contract will remain in the Contracts register and you can view its details. However, canceled contracts will not be reflected in the Anticipated Cost Report, nor in any other cost-related reports (unless the report explicitly includes canceled contracts). Canceled contracts also do not appear in lookup lists.
In order to cancel a contract, ensure that:
If a contract is being used as a committing document for a cost event, canceling the contract will break the links between the Schedule of Value line items created during handoff and their associated cost event line items.
You can reset a canceled contract to the Draft state at any time if you change your mind.
Cancelling vs. Deleting vs. Closing
Deleting a contract removes it completely from Proliance. All information about the contract is erased, including related invoices, change orders, and payment. The deletion cannot be reversed. For more information, see "Deleting a Contract".
Closing a contract indicates that all the scheduled work and materials have been delivered. The contract remains in Proliance and will be included in reports, but you can no longer select the contract from other workspace documents. For more information, see "Closing a Contract".