Change the Initial Value on an Active Contract

  • Updated

Change the initial value of an active contract when no approved variations or extensions have added value to it. This is an administrative action that bypasses standard approvals.

Prerequisites

  • Role: Administrator.

  • Data: The contract must be active. Any approved variations or extensions on the contract must have no value. If an approved variation or extension has a value, the Unlock option is not available.

Steps

  1. Navigate to the contract you wish to modify.

  2. Select the Settings tab.

  3. Click the Change Contract Value drop-down.

  4. Select Unlock.

  5. Make the necessary changes to the initial contract value.

  6. Select Confirm to save the new value.
    change-initial-contract-value.gif

Results / Validation

The initial contract value is immediately updated and reflected on the contract.

Troubleshooting

Unlock doesn’t work
The contract has an approved variation or extension with a value. Unlock is only available when any approved variations or extensions have no value.

Limits & Notes

  • This action overwrites the contract value and bypasses approvals.

  • You can only change the initial contract value if the contract has no approved variations or extensions with a value. Approved variations or extensions with no value do not block the change.

  • Changing the initial value is not the same as raising a variation. Consult your internal processes if you are unsure which action to take.