This activity is used to enter default values in the sub contract. When default information is registered, some of the data is carried over to sub contract items. When saving any required fields that are left blank, the default information will be assigned automatically to the relevant blank fields, if relevant defaults have been specified.
If a supplier has been entered for the sub contract, Payment Term and Payment Method are picked from the supplier's information as default values initially, but can be changed.
Optionally,if the supplier should be able to create applications for payments against this sub contract in the system, enable B2B-Supplier, Create Valuation Allowed.
Enter the total retention and/or final retention for the contract. The retentions should be between 0-100%. Since the final retention is included in the total retention, it should be less than or equal to the total retention. You can also define a maximum retention for the contract as a fixed value or a percentage. When a maximum retention is defined with a currency that is different from the contract currency, the exchange rate date must be entered. This date is used to convert the maximum retention amount to the contract currency.
Note: If the sub contract revision is Frozen, changing the default information does not affect the revision.
The cash plan settings are used when sub contract valuation plans and sub contract valuations, as well as connected invoices and payments, are included as sources in cash planning. It is mandatory to enter values for Project, Sub Project, Activity and Cost Element if sub contract valuation plans are going to be used for the sub contract. The cash plan settings are defined for the sub contract header level and do not have any dependency with the project, sub project, activity and cost element that are used for cost follow-up of sub contract items. The cash plan settings are used for cash planning purposes only. and End Date.