Common Elements Used in Amending Contracts

Field or Control	Description
Amend Contract	Click this button on any page within the Contract Entry component, Related Projects page, Prepaids page, or Special Payment Terms page, to create an amendment or edit an existing pending amendment for an active contract.
Amendment or Pending Amendment	Displays an amendment number. Upon the initial entry of a new amendment, the system automatically assigns the amendment a value. The system records when you activate the contract as amendment number 0000000000. This represents the beginning of the amendment audit trail. An active contract always shows the latest completed amendment in the Amendment field. The Pending Amendment field appears when you are in amendment mode. If you have a pending contract, these fields do not appear.
Amendment Billing Allocation	Allocate changes in billing amounts and limits across contract lines.
Amendment Revenue Allocation	Adjust the revenue allocation across contract lines using amendment processing. This page is editable when the contract separates revenue and billing.
Amendment Reason	Displays an amendment reason, which provides viewers with a quick reference as to why an amendment was initiated. This field is for informational purposes only; no processing is keyed off of it.
Amendment Type	Displays an amendment type, which is a high-level indicator that enables you to create categories of amendments. This field is informational only; no processing is keyed off of it.
Internal Notes	Click to associate custom note text with this amendment.
Process Date	Displays the date on which the amendment is eligible for processing. When you run amendment processing, the system picks up any amendments with a status of ready and a process date less than or equal to the system run date.
Processing Status	Displays the contract's processing status.
Adjustment Type	Determines the type of adjustment needed. This is used when you process amendments. This term is used in the context of Billing and Revenue processing.
Retroactive Adjustment	Adjusts the Billing and Revenue events, which were processed (including in process) in the past only. It is implied here that future adjustments need manual intervention. This term is used in context of Billing and Revenue processing while processing amendments.
No Retro Adjustment	No adjustments are made to the Billing/Revenue events, including "in process" events, that were processed in the past. The changes in amounts are adjusted by using future billing/revenue events only. This term is used in context of Billing and Revenue processing while processing amendments.
View Current	Click this button on any page within the Contract Entry component, Related Projects page, Prepaids page, or Special Payment Terms page, to edit a pending amendment.