Supplier Contract pricing changes

  Hi,

I have a question about Supplier Contracts and pricing changes. Below is the scenario that we have:

1. Supplier contract A was created on item 123

2. Base price of the contract = Supplier Item UOM price= $120

3. In the Pricing Information on Line details, check boxes against ' Use Contract Base Price' and 'Price can be changed on Order' are checked.

4. Price Date: PO date, Price Qty= Line Qty and Qty Type= Current Order Quantity, Adjust= Before Contract Adjustment

5. No other checkbox is checked on the Pricing information of the contract line

6. Contract is approved and has begin date=11/01/2013 , Expire date =04/30/2014

7. Now, we negotiated with supplier and agreed on the price of item to be $150 starting 01/01/2014. We added a new effective dated row in Purchasing Attributes of the item for Item Vendor UOM