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2021-08-15
Structure Line Contract Feature
The Structure Line Contract feature streamlines your contract management process, making it easier for you to create, manage, and track your contracts. With this tool, you can enhance collaboration and ensure consistency across all your agreements.
Key Features
Easy contract creation with customizable templates
Automated reminders for contract renewals and expirations
Centralized storage for all your contracts
User-friendly interface for improved navigation
Collaboration tools for team input and review
Potential Use Cases and Benefits
Managing supplier contracts efficiently and effectively
Tracking customer agreements and service level expectations
Ensuring compliance with regulatory requirements
Improving document accessibility for your team
Enhancing oversight on project contracts to meet deadlines
By adopting the Structure Line Contract feature, you can resolve issues related to lost documents, missed deadlines, and miscommunications. This tool provides you with the structure and organization you need to stay on top of your contracts while reducing the risk of errors.
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What is a contract line?
Contract — Lines. CA_OBLIGATIONS. Customer Contracts, Create and Amend, General Information, Contract — Lines. Add products to a contract. Each product appears on the contract as a distinct contract line number.
What is a contract line item?
Contract Line Item Number. Contract Line Item Numbers (CLAN) (FAR Part 4.10) are part of a defense contracts that break the contract down by the commodities being procured (labor hours of services, funding for travel, quantity product A, etc.).
What is a contract item?
Contract Item (Pay Item) — A specifically described unit of work for which a price is provided in the contract. ... When a complete Structure or structural unit is specified as a Contract Item, the unit of measurement will be lump sum and shall include all necessary fittings and accessories.
What is a clan in a contract?
A CLAN is a line in your contract, typically found in Schedule B, which lists the services and products to be delivered, with a price or ceiling which cannot be exceeded. When billing the federal government, it is important to not bill in excess of funding.
What does Coins stand for?
One of the more confusing aspects of government contracts is the presence of contract line item numbers (Coins). They often seem to have no relationship to the tasks you've been asked to perform or the commodities you've been asked to provide.
What is a contract SKIN?
The Contract Line (CLAN) and Sub-line (SKIN) structure is used in CLM documents, including modifications to the purchasing documents. A Contract Line captures information about the item(s) or service(s) to be procured in the contract with or without the pricing details.
What does Lin mean in government contracting?
An Exhibit Line Items (LIN) may be used to provide additional information. Coins, and Sins are established when the contract is structured prior to award and must be included for all items for which the Government will take delivery, either during the performance of or at completion of the contract.
What is an accounting classification requirements Number?
204.7101 Definitions. Accounting classification reference number (ACRE) means any combination of a two position alpha/numeric code used as a method of relating the accounting classification citation to detailed line item information contained in the schedule.
What is a contract line item number?
A contract line item number is used to specify the commodities being acquired for traceable accounting classification on a federal government contract. A CLAN is usually located in section B of the contract, and it is vital for reporting and billing purposes within the contractor's accounting system.
What is a line item number?
Line Item Number. The Line Item Number (LIN) is a six-character alphanumeric identification of the generic nomenclature assigned to identify nonexpendable and type classified expendable or durable items of equipment during their life cycle authorization and supply management.
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