Define Actual Markups on Sales Contract

Explanation

This activity is used to define actual markups specific to individual sales contracts. Actual markups are defined for individual cost/revenue elements.

Actual markups are used when valuating an application for payment using the project cost data. Refer Define Application For Payment Cost Details for more details.

Prerequisites

Cost/revenue elements should be predefined for the company in the Cost/Revenue Elements window.

System Effects

The markups based on cost/revenue elements will be available for the given sales contract and will be used at the application for payment when the valuation method used to calculate sales value for the application is Cost-Plus.

Window

Sales Contract

Related Window Descriptions

Sales Contract/Markups/Actual Markups

Procedure

1. Open the Sales Contract window, and query for the sales contract record for which you want to define the markups.
2. Create a new record in the Markups/Actual Markups sub tab and create a new record.
3. In the Cost/Revenue Elements field, use the List of Values to select a cost/revenue element which identifies the cost/revenue element for which you want to define the markup.
4. In the Markup field, enter a markup value to fit the cost/revenue element.
5. Click Save.