How do I edit an initial award amount for a contract in Portfolio Financials?

Answer

To edit an award amount for a contract, you can edit the contract in the Contract Room and enter a new amount in the Total Contract Value field. See Edit a Contract in Portfolio Financials.

If you need to edit the initial award but invoices have already been added, there are two options to be able to change the amount:

• Option 1: Delete existing invoices.
  Follow the steps below:
  1. Delete all submitted invoices. See Delete an Invoice in Portfolio Financials.
  2. Edit the contract to adjust the initial award amount. See Edit a Contract in Portfolio Financials.
  3. After modifying the initial award, re-enter the previously added invoices. See Add an Invoice in Portfolio Financials.
• Option 2: Add a change order to reflect the intended amount.
  For example, if your initial award was $25,000, and you want to change the amount to $20,000, you would submit a negative amount change order for $-5,000. See Add a Change Order in Portfolio Financials.

See Also

• Edit a Contract in Portfolio Financials