When a Purchase Requisition is saved and approved without being awarded, what is the status of the PR?

When a Purchase Requisition (PR) is saved and given approval but has not yet been awarded, it accurately reflects a status of "Approved but not awarded." This designation indicates that the requisition has met all the necessary checks and balances required for approval, enabling it to proceed through the procurement process. However, since the actual contract or purchase agreement has not been established yet, the status does not indicate that any award has been made.

This status is important as it helps in tracking the progress of the PR within the procurement cycle. It highlights that further action is needed, such as the solicitation of bids or proposals, to advance from the approved state to an awarded one. Understanding this status aids in maintaining clarity in administrative processes and ensures all stakeholders are aware that while the PR is approved, it has not yet resulted in an executed purchase.