1. Create a Contract.ParentContractID field.
2. Add a ParentContact Lookupedit Control to the Contract Main Detail View and Insert Contract forms.
3. Add a Related Contract tab\form to Contracts....put a grid or two on this and tie to subcontracts, or parentcontracts.....
4. You may want to add the tab form grids to the Account Entity as well.... to show where the Account is actually contracted......
This is a medium complexity development project, maybe have an SLX Developer do this for the first time while you watch what they do? Or look into DevLogix?
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