Report Planned Cost

Explanation

Use this activity to report the planned cost of a sub contract revision to the connected project activity. The planned cost will be reported automatically when a revision is activated. If you need to report planned cost before activating the revision the Report Planned Cost check box should be selected.

Only one active revision of the contract can report planned cost at any given time. The cost elements on which the cost is reported to the connected project activities will be deduced depending on the posting control setup and the report codes connected to the sub contract.

The planned committed cost is reported when awarding the sub contract and the committed cost is reported when releasing the call off.

Prerequisites

The sub contract should be connected to at least one project activity.
An active revision should exist or the Report Planned Cost check box should be manually selected for the non-active revision.
Posting control setup should be defined so that the correct cost elements will be updated.

System Effects

Planned cost of the contract revision will be reported to the project cost activities connected to the revision.

Window

Sub Contract

Related Window Descriptions

Sub Contract/Revision
Sub Contract/Items

Procedure

Open the Sub Contract window and query for the required sub contract or select from the list of values.
Click the Items tab and query for the contract revision.
Select the Report Planned Cost check box. Note: This check box can be selected for contract revisions that have not been activated yet.
If changes are made to project cost elements, or discounts and deductions on sub contract, select the revision line on the Revision tab, right-click and then select the Update Planned Cost menu option.
The Report Planned Cost check box is automatically selected, when activating a non-active revision.
Award the sub contract. Planned Committed Cost is reported when awarding the sub contract and the value is exactly the same as Planned Cost.