A contract in the Contracted Services is an agreement between you and the provider, designed to detail the agreement about the expected service to be performed by the provider.
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You can change the contract details in the Contracted Services module when the agreement between you and the provider changes: for example, you agreed to extend the contract duration or change the Trade.
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Now that you have created a contract, you can associate your contract with PM Services. Learn more about Connecting PM Frequencies to the Contract.