Review Valuation

Explanation

This activity is used to review a valuation.

Prior to certifying the valuation it is recommended to review the valuation and ensure that the application and certified amounts are correct. This is an optional step in the certification process, but as inaccuracies and/or incorrect amounts often cause bigger problems the later they are discovered it is recommended to take the time to review the valuation. Such a review should, among other things, cover line items, currencies, payment terms and due dates, and make changes if necessary.

Prerequisites

The valuation should be in the Planned status.

System Effects

As a result of this activity, the valuation details are reviewed and quality assured.