Set term multiplier for contract renewal uplift

task australia Updated Sep 10, 2026 1 min read set-renewal-term-multiplier.md
Raw file servicenow.com

Use the renewal_uplift_term system property to select the contract duration basis used to calculate the renewal uplift term, either per year or per term.

Before you begin

Role required: admin or pricing admin

Procedure

  1. Navigate to All and in the filter enter sys_properties.list.

  2. Open the renewal_uplift_term system property.

    The default value is per term, which means the term is for a specific period of time based on the contract.

  3. Do one of the following in the Value field:

    • To use a yearly basis for the uplift term multiplier, enter per year in the Value field.
    • To change the uplift term multiplier to per term, enter per term in the Value field.
  4. Select Update.

    Uplift calculations use the specified multiplier to calculate the contract duration basis.

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