Your organisation may choose to allow your vendors to periodically review and update their standard rates during certain time periods. Vendors will be unable to change or update their standard rates outside of the specified time periods.
Your organisation may set a specified time period for vendors to update their rates globally, allowing vendors to update the standard rates for services that are registered against any panels, or on a per panel basis.
Tip: You can manually unlock a vendor's application to allow them to update their standard rates at any time. You can learn how to do this in our guide How to unlock a vendor.
To allow vendors to update their standard rates during specified time periods:
Note: If electing to use a per panel register type, the start and end dates for each panel must fall between the dates specified in the Rates Open and Close Dates section.