Contract Modification

Contract Modification

Project > Approvals > MGR Time Entries For Approval

As part the enhancement, new Contract Amount tab has been introduced to allow users to maintain contract amount records with status tracking for each task.
The first record created will have the status Contracted. For subsequent records, the status will be Draft by default. Other statuses such as *Pending, Rejected, and Approved *can be manually updated as needed.
Contracted and Approved status records will have their amounts included in the Contracted Amount main form for further calculations.
If the billing method is set to Hourly Charged *or *Calculated Fee, four amount fields will be displayed to allow the contract amount to be split across different types. If the billing method is set to Units, Number of units and price per unit will be available for contract amount updates.
Users are now allowed to enter negative contract amounts and negative units to reduce the overall contracted amount. If the updated contract amount falls below the Invoiced to Date or Recognized Amount, an error message will be triggered to prevent incorrect data.
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