Solution

1. Go to Contracts >> Contract Types >> Get Data
2. Click on to make a Copy of the Contract Type
3. Edit the form as required
   

4. Go to Contract Charges tab and delete or create more charges
   

5. Go to Sub Types and Reporting Values tab and edit them if required
   

6. Go to the Budgets tab and include new charges if required
   

7. Once all changes are made click Save.