Define Revaluation Type

Explanation

Use this activity to define Revaluation Types that will be used in the Contract.

The Revaluation Types will be used by the Contracts when defining the periodic prices for the contract lines to be invoiced. A revaluation determines when, how, and to what percentage the prices of the contracts should be revaluated. For example, a contract could be revaluated at the beginning of every year by 5% of the total amount that was agreed upon.

Prerequisites

N/A

System Effects

A new Revaluation Type will be created.