Vision Demo - CLM - Indefinite Delivery Vehicle (IDV) - Purchase Requisition to Award Flow
(Doc ID 2579926.1)
Last updated on NOVEMBER 15, 2023
Applies to:
Oracle Contract Lifecycle Management for Public Sector - Version 12.2.2 and laterOracle Purchasing - Version 12.2 and later
Information in this document applies to any platform.
Goal
The goal of this document is to illustrate the creation of the Indefinite Delivery Vehicle (IDV) and the use of it as the source document in the Purchase Requisition to Award Flow.
When an agency identifies a strategic need for supplies and/or services, such as a long term requirement for desktop computers across the agency for an extended period of time, the agency may negotiate an Indefinite Delivery Vehicle (IDV) to fill those strategic needs. IT Services is another example where a Procurement office would issue an IDV to meet the needs of a currently undefined requirement over a specified period of time. Almost all IDVs contain Terms and Conditions under which both parties agree to operate, and in some cases contain line items and item numbers for supplies and services, with minimum and maximum quantities for each. The IDV itself is not a funded Award, but may have similar requirements for approvals as other Award documents and serves to be an ordering vehicle for future Delivery Orders
For the CLM Users Guide See Note 1306980.1 Where Are The CLM (Contract Lifecycle Managegment) Manuals
Solution
To view full details, sign in with your My Oracle Support account. |
|
Don't have a My Oracle Support account? Click to get started! |
In this Document
| Goal |
| Solution |
| CREATE THE IDV WITH LINES |
| CREATE THE REQUISITION |
| CREATE THE DELIVERY ORDER |
| References |