In a sealed tender in Portfolio Financials, a Tender Room Manager can unlock submitted tenders when the tender due date and time has passed. As long as a tenderer submitted an initial tender before the unlocking, they can continue to submit revisions in the case of clarifications or additional rounds of tendering.
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.