Use this activity
to manually estimate the certified/invoiced amount on future planned invoice
dates. The estimations can be done in percentages or amounts. Also, the estimations
can be done by cumulative basis or individual (discrete) basis. The estimated
values can be entered on cumulative or discrete columns accordingly. For an
example, if the estimations were done individually for each item, and in percentages,
the Discrete (%) column can be used to enter the estimates. The
system will calculate the Discount, Retention, Deduction, Net Amount, Tax
Amount and Gross Amount based on the Discrete Value of each item.
The users are
expected to make sure that the Adjusted Contract Value is distributed among
the items. Also, the total of the Retention Released amount is equal
to the total of the Retention column.
The system
will calculate the Discount, Retention, Deduction, Net Amount, Tax Amount
and Gross Amount based on the Discrete Value of each item.