Changing a Discount During Discount Terms

You can modify the discount amount up until the date the discount applies.

Note: This option modifies the discount on a single payment. You can use this feature on contracts with either rate type (variable or fixed rate discounts).

To update a discount inside of the established discount terms:

Navigate to the Payment Status Page
To access the Payment Status page:
1. From the Payment/Lien Waivers section of the Draw Home page, select the Manage Payments link.
2. From the Edit column on the Manage Draw Payments page, select the Edit link.
From the Discount Tile, select Edit.
Discount fields display.

Note: The Discount Tile, displays as Change CCIP Discount if your project uses CCIP for variable discount.
Either:
- Change the discount percentage: Select the Percentage option and enter a new numeric value.
  Note: When you select the Percent Discount field, the application will mention the maximum discount value you can apply.
- Change the discount amount: Select the Amount option and enter a new monetary value.
Select Update.
- A Discount updated successfully message displays at the bottom of the page.
- The additional editable fields collapse and the Discount Tile displays both the new discount total in the project's currency and the date you changed the discount.

Next Topic: Changing a Discount After Discount Terms Pass