Contract Line Limit Changes – Rate Based Lines

You can increase or decrease a contract line billing and revenue limit on a rate based contract line. General steps for changing a contract line limit amount are as follows:

• Modify the contract line billing limit and/or revenue limit as part of the amendment. Similar to amount based lines, this can be done either manually or programmatically by selecting a basis for the allocation.

• The selection on the contract to separate (or not separate) as incurred billing and revenue impacts whether the revenue limit on a rate based line is editable on the Amendment Revenue Allocation page. If as incurred billing and revenue are separated, then the contract line revenue limit is editable. If as incurred billing and revenue are not separated on the contract, then the contract line revenue limit is not editable and will equal the contract line billing limit.

Note:

You cannot decrease a contract line billing limit or revenue limit below the amount already billed or recognized for revenue.