What is award in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: award

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: Notification by a public sector organization that it has accepted the most suitable RFx response, thereby completing the bidding process and triggering the contracting process.

Smart SAP Assistant

• Key Concepts: 
  Award in SAP PSM-GPR Procurement for Public Sector is a document that is created to record the details of a contract between a buyer and a supplier. It includes the terms and conditions of the contract, such as the price, delivery date, payment terms, and other relevant information. The award document is used to track the progress of the contract and to ensure that all parties involved are in compliance with the terms of the agreement. 
  
  How to use it: 
  In SAP PSM-GPR Procurement for Public Sector, an award document is created when a buyer and supplier agree on the terms of a contract. The award document is then used to track the progress of the contract and to ensure that all parties involved are in compliance with the terms of the agreement. The award document can also be used to generate reports on the status of the contract and to provide visibility into any changes that have been made to the contract. 
  
  Tips & Tricks: 
  When creating an award document in SAP PSM-GPR Procurement for Public Sector, it is important to ensure that all relevant information is included in the document. This includes details such as pricing, delivery dates, payment terms, and any other relevant information. Additionally, it is important to review the award document regularly to ensure that all parties involved are in compliance with the terms of the agreement. 
  
  Related Information: 
  For more information on awards in SAP PSM-GPR Procurement for Public Sector, please refer to SAP Help Portal or contact your local SAP representative.