Do You Know What the Status of Your Contract in the Contract Portal Means?

Do You Know What the Status of Your Contract in the Contract Portal Means?

• July 10th, 2023
• in News

Under Review – The Contract Administrator is in the process of reviewing your contract or negotiating terms with the vendor.
Pending Approval – The Contract Administrator sent this to another department for internal approvals.
Approved – Whoever the Contract Administrator sent the contract to for internal approval has approved it, and the Contract Administrator is negotiating terms with the vendor.

• It is often assumed that the contract is ready for signature, but this all depends on whether the vendor ultimately accepts the terms we are requesting.

Pending Signature – The contract is waiting to be signed by the vendor or the University’s signatory.