Contract Renewals

Use the Use the Batch Renewal of Pay Contracts (CNTPAY02) process to renew contracts.

The Contract Renewal process completes the following tasks:

• Generates a new contract ID on the Contract Pay (CONTRACT_PAY) component for the next contract term.

  The new data row uses the same information from the old contract, but advances the contract and payment dates.

• Generates a new effective-dated entry on the Job Data (JOB_DATA) component for the next contract term.

• Decreases the number of allowed renewals on the Contract Pay page by one (unless 99 is specified, in which case it is left untouched).