Procurement Contract requirement

Hi Team,

I have received some business requirement in order to implement the Procurement Contract module.

I need to know whether is it possible to fulfill these requirement using seeded functionality or do I need to suggest any customization.

Finance Requirement:

1. Ability to track and monitor Deliverables from Suppliers such:

  1.1 Advance Payment Bank Guarantee with its due date for submission and required validity period.

  1.2 Performance Bond with its due date for submission and required validity period.

  1.3 Insurance Policies with its due date for submission and required validity period.

  1.4 Submit monthly progress reports.

2. Ability to monitor contractual spending and budgets and generate analytical reports.