Use this activity to estimate a contract. When estimating a contract, all the lines and line items are considered. All the values will be calculated to form the total contract cost or sales value. To assist the estimator, some default values can be defined for the contract to be used on the line items. If necessary, the estimator can override the default values on the line items.
When entering the values, if the calculation type is Cost Value, the values entered will be based on cost. If the calculation type is Sales Value, the values entered will be based on the sales value.
A contract must exist.
| Calculation Method | Calculation Type | Quantity | Cost Rate | Cost Value | Mark up | Sales Rate | Sales Value |
| Per Unit/Rate Only | Cost Value | Mandatory | Mandatory | Calculated | Optional | Calculated | Calculated |
| Per Unit/Rate Only | Sales Value | Mandatory | Calculated if Cost Value has a value. | Optional. Calculated if Cost Rate has a value. If both Cost Rate and Cost Value have values the Cost Value column has precedence and the cost rate will be calculated. | Not relevant | Mandatory | Calculated |
| Fixed | Cost Value | Optional. Calculated if Cost Rate has a value. If both Cost Rate and Quantity have values the Quantity column has precedence and the cost rate will be calculated. | Optional. Calculated if Quantity has a value | Mandatory | Optional | Calculated if Quantity has a value. | Calculated |
| Fixed | Sales Value | Optional. Calculated if Sales Rate has a value. If both Sales Rate and Quantity have values the Quantity column has precedence and the sales rate will be calculated. | Calculated if Cost Value and quantity is entered. Otherwise empty. | Optional | Not relevant | Calculated if Quantity has a value. | Mandatory |