Bill Rate Changes for Contract Lines

You can change the bill rate for a contract line in two ways:

Change the contract specific rates within the Contracts work area
Change the standard rates using the Manage Rate Schedules task

The following sections explain the impact of changing the bill rate for a contract line using the two methods.

When you change a bill rate override on a bill plan and amend the contract, the application marks all transactions that have a transaction date on or after the contract amendment effective date for adjustment processing. To recalculate and display the revised bill rates, perform the actions listed in the following table within the Contract Invoices work area.

Invoice Status	Action
Draft	Generate the invoice again or recalculate the invoice details.
Submitted	Approve or reject the invoice. Perform the steps for an Approved or Approval Rejected invoice.
Approval Rejected	Any one of the following: Reset the invoice to Draft status and perform the steps for a Draft invoice. Delete and regenerate the invoice.
Approved	Any one of the following: Reset the invoice to Draft status and perform the steps for a Draft invoice. Delete and regenerate the invoice. Release the invoice and perform the steps for a Released invoice.
Released, Transferred, Transfer Rejected, or Accepted	Generate invoices for the applicable contract, which will create credit memos or credit invoice lines to adjust the original bill rates to the revised bill rates.

If you change a bill rate on a rate schedule using the Manage Rate Schedules task, then perform the actions listed in the following table to use the revised bill rate on previously generated invoices.

Invoice Status	Action
Draft, Submitted, Approval Rejected, and Approved	Recalculate each applicable transaction for invoicing. Delete and regenerate the invoice.
Released, Transferred, Transfer Rejected, or Accepted	Recalculate each applicable transaction for invoicing. Regenerate the invoice to create credit memos or credit invoice lines that adjust the original bill rates to the revised rates.