Purpose
This document explains the procedure for entering zero dollar Supplier Contracts to track MOU agreements.
Description
Departments will use zero dollar Supplier Contracts to track MOU agreements in Peoplesoft. Purchasing Authority and Contract Type are required fields for Supplier Contracts. Departments need to select the appropriate Purchasing Authority and Contract Type when Supplier Contracts are created to track MOU agreements. when Supplier Contracts are created for MOU agreements. No downstream transactions (Purchase Orders, Receipts, Vouchers and Payments) will be issued from Supplier Contracts that are used to track MOU agreements.