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The 'Contract Details' tab is the default tab displayed when a contract is double-clicked. It presents the contract's information organized into various sections as outlined below:

Vendor Details: Vendor Name, Vendor Email, Vendor Phone

Vendor Point of Contact: Name, Email and Phone Number of member who is assigned the permission - 'Manage and Review my Company Contracts'

Note: This information is retrieved from the user assigned the 'Sub Contract Manager' role. If multiple company members have the 'Sub Contract Manager' role, they will be displayed in alphabetical order.

Contract Details:

• Bid Package: The name of the bid package associated with the contract

• Contract Start Date: Displays the contract start date (if provided during creation). It is not mandatory during creation but becomes mandatory to make the contract ‘Active’

• Contract End Date: Displays the contract end date (if provided during creation). It is not mandatory during creation but becomes mandatory to make the contract ‘Active’

• PO Number: An editable field where a unique number can be entered

Bid Package: Hovering over the Bid Package Name displays a user-friendly tooltip. The tooltip includes all the budget work items associated with the Bid Package, showing 'Unit Cost,' 'UOM,' and 'Bid Value' columns. The Grand Total is displayed at the bottom. Clicking the 'Open Bid Package' button navigates the user to a new browser tab, invoking the corresponding Bid Details. 

Upfront Payment: A radio button that defaults to 'No.' Selecting 'Yes' allows the Contract Creator to specify an upfront payment amount.

Upfront Payment Settings: Once a payment amount is specified, there are two options for deducting the advance payment from successive payments:

a) Split the Upfront Amount Equally Over All Schedule of Value (SOV) Payments: In this option, the total upfront payment is split equally over all SOV payouts. This means that once the SOV is configured and each Pay Item is triggered, the total upfront payment is evenly divided across all the SOV's payouts.

b) Deduct the Upfront Amount from the Last Payment: This option involves deducting the total upfront payment from the last payment when the last SOV is complete and the payment is triggered.

Retainage: A radio button that defaults to 'No.' Selecting 'Yes' enables the Contract Creator to specify a retainage amount as a percentage. When each payment is sent out, the percent value entered is withheld as retainage. Once the last SOV is complete and the payment is triggered, a new pay item is automatically generated with the total retained amount.

Contract Cover Letter / Inclusions / Exclusions (Optional): The Contract Creator can choose to add a 'Contract Cover Letter,' 'Inclusions,' and 'Exclusions' for the contract being created. They provide additional context and information to the parties involved in the contract.