Create New Sub Contract Valuation Plan

Explanation

Use this activity to create a valuation plan for a Sub Contract. The Sub Contract Valuation Plan shows the forecasted subcontractor payments from the plan date of the Sub Contract Valuation Plan as well as the Sub Contract Valuations created to date. If multiple currency items are available in a Sub Contract, separate plan should be created for each currency.

The Sub Contract Valuation Plan can be created with or without copy from an existing plan.

• If the plan is created without copying from an existing plan, the Certificate Date Schedule on the Sub Contract page is used to calculate the planned payment dates. The payment amount is calculated based on the Discrete Value of each planned item entered manually.

• If the plan is created by copying an existing plan, the planned payment dates and the Discrete Values are copied from the selected plan.

The valuation plan header shows information relating to the sub contract that the valuation plan is created for. The Contract Value is shown based on the selected Currency and Contract Revision No. A manual Adjustment Value can be entered on the valuation plan header which will be added to the contract value and the total shown in Adjusted Contract Value.

The General Information tab displays information from the sub contract which affect the values on the valuation plan; Total Retention, Deduction, Discount, Payment Terms and Tax Code. If these values are changed on the sub contract, the Update Valuation Plan command can be used to update the values on the valuation plan header and items. The contract value will also be updated when this command it executed if it has been changed.

The Cash Plan Settings defined on the sub contract header level are also displayed. This information is used when sub contract valuation plans are included as a source in cash planning.

Prerequisites

• A Sub Contract with revision and items.

System Effects

• A Sub Contract Valuation Plan header is created.
• If Discrete Values have been copied from an existing plan or entered manually, the Sub Contract value is spread over the contract life cycle representing the forecasted valuations along with payment dates and amounts, including retention release.

Pages

Sub Contract
Sub Contract Valuation Plan

Activity Diagrams

Sub Contract Valuation Plan