The Adjust Payments page lists all contracts with payments that have a possible price adjustments because of their index agreement or graduated rent agreement. You can adjust any of these contracts' payment amounts on this page.

Adjust Payments Page

You can access this page by clicking the Adjust Payments button under Operational Procedures on the VertiGIS FM Contracts start page.

This page compiles all contracts with possible price adjustments into one table. You can alternatively adjust payment amounts according to an index agreement or adjust payment amounts according to a graduated rent agreement in the Possible Alignment section on the contract's details page. The contract details page provides additional information about the current and new payment amounts.

To Adjust Contract Payment Amounts on the Adjust Payments Page

1.On the VertiGIS FM Contracts start page, under Operational Procedures, click Adjust Payments.

2.In the Modifications table, select the contract whose payment price you want to adjust and click the Perform Index Alignment () icon.

3.Click OK.

After you click OK, the adjustment is made and the contract is removed from the Modifications table.

•VertiGIS FM documents the price adjustment in the Modifications section on the contract details page.

•VertiGIS FM creates a new payment entry with the updated amount. Its new entry is a copy of the entry for the previous payment amount with an incremented decimal number and new amount. The previous payment entry is assigned an end date in the To Date field.

•VertiGIS FM creates a new stipulation for the updated amount in the Stipulation section.