For a project quotation work breakdown structure, for all project lines of type Fixed price, you define the Contract total.
You can do so on the Quotation statement form in two ways:
To simulate the contract total, you can use:
1. | Click Advanced project management. |
2. | Click Project quotation. |
3. | In the list, find and select the desired record. |
4. | Click Advanced WBS. |
5. | Click Edit. |
6. | Click Quotation statement. |
7. | In the list, find and select the desired record. |
8. | If you want to simulate the contract total, on the Margin/Markup simulator pane, select Margin % or Markup %. |
  | Click the Margin/Markup Simulator tab. |
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Note: If no simulation is required, on the Work breakdown structure pane, you can manually enter or change the Contract total for project lines of type Fixed price. |
9. | Enter the relevant margin or markup percentages for items, hours, and expenses. |
10. | Click Simulate. |
11. | If you are satisfied with the suggested sales price, you can transfer it to the Contract total of the selected project line. |
  | Click Transfer. |
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Note: You can repeat steps 9-11 for several project lines. |
12. | If you are satisfied with the result, click Save & Close. |
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Note: If you are not satisfied with the result, you can click: |
You can simulate the contract total for project lines of each type. However, you can only transfer the suggested sales price for fixed price project lines to which progress billing doesn't apply.
Related to | Notes |
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Define project quotation price |
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