To add new version for the estimate revision, click Create Version in the Versions section. A version handles the business side of the estimate; quantities, costs, contingency and markups. A default version is always established when the estimate header is created. It is possible to create several versions to handle the quantity breaks and differentiated offerings to different customers. When a new version is created, all costs, insecurities and markups are copied from the previous version. Hence each version is unique which gives you the option to handle differentiated offering to different customers in a controlled way for the same work scope.
A new version is always created as a copy of the previous version in the sequence. All costs, additional costs and markups for the new version id will be based on the latest version. It is possible to create new records when it is necessary to differentiate the cost, contingency and markup build-up for the same work scope. If there are several customers in need of the same items enclosed by the estimate revision but with different conditions then it might be a requirement to be able to differentiate the cost, contingency and markup build-up to cover all the aspects of a possible sale. To handle such situations different versions can with benefit be established for the revision.
Another situation when different cost versions is very useful is when a customer request to be quote with a flexible pricelist, i.e. same item different quantities. Several versions with different top item quantities are possible to establish. Each version is calculated for a specific quantity which means that the possible amortizing of cost is handled separately for each version.
This activity requires;
As a result of this activity, the system saves and connects a version record with status InProgress to the selected estimate revision.