Apply Price Adjustment

You use the Apply Price Adjustment dialog box to change the prices of line items on a contract. You make adjustments up or down by a percentage you specify.

Note: In the Labor Rate Contracts application, price adjustments are made to entries for the rate schedule.

You can make price adjustments to contracts with a status of draft, waiting for approval, or pending revision.

This dialog box is available in more than one contract application.

To apply a price adjustment to a line item on a contract:

  1. In the contract application, display the record to which you want to apply a price adjustment.

  2. From the Select Action menu, select Apply Price Adjustment.

  3. In the Apply Price Adjustment dialog box , select the line(s) with the price(s) you want to change.

  1. In the Adjustment % field, enter the percentage change to apply to the lines you selected. You can enter a positive or negative adjustment percent.

  2. Click Apply. The system calculates values for the New Price and New Unit Cost fields in the dialog box.

Note: In the Labor Rate Contracts application, the system calculates a value for the New Standard Rate field in the dialog box.

  1. Click OK. The system copies the values to the Unit Cost and Line Cost fields in the Contract Lines table window of the contract.

Note: In the Labor Rate Contracts application, the system copies the value to the Standard Rate field of the Rate Schedule table window of the contract.

  1. Click Save Contract .