Terms and Change Orders is a feature in Bonfire's Contract Management module that allows a user to create and track terms and change orders in a contract.
You can create a change order on an existing contract under the Terms & Change Orders section. Let's take a closer look at a sample contract (with 3 existing terms defined):
From this modal, you have the ability to add additional terms under the "+ Add Term" button.
Once a contract term expires, you can activate the following term by simply click on the button as below:
To add a change order, ensure you have the correct term in context. From here, click on "+Add Change Order".
From the Add Change Order window, you will see it is separated into 2 sides.
The left side (New Contract Values) allows you to modify the existing variables ($ value, start/end dates) by clicking on the text boxes. Clicking on a date will bring up the calendar date picker allowing you to select a new date.
The right side (Change to Contract Values) allows you to enter the values in relation to the original values by entering in the dollar value (increase/decrease) or the increase/decrease in weeks for a given date.
Making changes on one side will automatically update and be reflected on the other side.
Here's an example of a change order where we modify the contract value from $46,668 to $50,000 (an increase of $3,332) and extend the contract end date by 12 weeks:
After adding change order and saving it, you will see it appear below the original active term. In this case, we added a change order to term 1 so we will see our change order appear in a new row designated as "1.1".
You have the option to delete the change order (trashbin icon) or modify existing values inline by clicking on the applicable table values.
If you have any questions, please contact [email protected].