Equipment rates for last contract/change rate set

1. At the Asset Management main menu, select Equipment | Equipment. The Display Equipment screen appears.
2. Right-click on the unit and select Unit Inquiry. The Unit Quick Reference enter screen appears.
3. Click the View Contract Rates icon beside the contract effective date. The Display Contract Rates screen appears.
4. To change the contract rates:
   1. Click Change . The Edit Contract Rate change screen appears.
   2. Type in the effective date of the change and a reason for the change.
   3. Click Enter . The current rates are copied to the new effective date and the Edit Contract Rates change screen appears.
      • The rates are marked as Pending Change so that the rate changes will not impact any current billing runs. The rates remain Pending until you process them, at which point they become active.
      • If you add a new effective date that is less than the Last Billed date, you will receive an error message: "New effective date is less than the Last Billed Date".
   4. Click Process . The Process New Rate Set screen appears.
   5. If necessary, change the Use New Effective Date as Base Date for Next CPI Calculation flag.

      Use New Effective Date as Base Date for Next CPI Calculation: if No is selected, the next CPI date will be the regular date; it will create the new rate with User Modified/Override reason.

      If Yes is selected, the next CPI date will be based on this rate change, and the change rate code will be O - User Modified/Override. When the CPI runs, if the user modified rate reason is O, this date will be used to calculate the Escalation date, and it will not use the previous one stored in the Contract Rate Detail file. When creating the O rate it will also write a record to the audit file.

   6. Click Enter. The new rate set will be activated.

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