How can tenderers get locked out of a sealed Tender Room in Portfolio Financials?
Background
In a sealed bid in Portfolio Financials, a Bid Room Manager can unlock submitted bids when the bid due date and time has passed. As long as a bidder submitted an initial bid before the unlocking, they can continue to submit revisions in the case of clarifications or additional rounds of bidding.
Answer
After tenders in a Tender Room have been unlocked, any tenderers who did not yet submit a tender will be locked out and unable to submit one.
Tip! If you want to grant tenderers extra time to submit their tenders, you can either formally extend the tender due date from the Trade Setup page, or leave the Tender Room in its "locked" state instead of unlocking it.