For a project change order 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 Project management and accounting -> Common -> Change orders -> Project change orders. |
2. | On the Project change orders list page, select a project change order with status Created. |
3. | On the Action pane, on the Quotation tab, in the Control group, click Quotation statement. |
4. | On the Quotation statement form, on the Work breakdown structure pane, select a project line of type Fixed price. |
5. | If you want to simulate the contract total, on the Margin/Markup simulator pane, select Margin or Markup. |
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Note: If no simulation is required, proceed with step 8. |
6. | Enter the relevant margin or markup percentages for items, hours, and expenses and click Simulate. |
7. | If you are satisfied with the suggested sales price, click Transfer. As a result, the suggested sales price is copied to the Contract total of the selected project line. |
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Note: You can repeat steps 4-7 for several project lines. |
8. | On the Work breakdown structure pane, you can manually enter or change the Contract total for project lines of type Fixed price. |
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Note: You can repeat this step for several project lines. |
9. | If you are not satisfied with the result, you can click:
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10. | If you are satisfied with the result, you can click:
As a result, for each project line for which you saved a contract total, an on-account line with the contract total is created in the Estimated costs and revenue. |
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.
Related to | Notes |
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Define price for project changes |
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