| Using extensionsAn extension consists mainly of invoicing agreements. The
relation to the budget is defined in the initial budget and/or the budget
adjustment detail lines. To control extensions, four status values are
available: Free Use the extension for budgeting but not for registering actual
costs. Actual You can post actual costs to the extension, but it is not
possible to invoice the extension. Final You are not allowed to change data. Invoicing Allowed You can post costs to the extension and you can invoice the
extension.
Extensions can be
invoiced according to a fixed price, the budgeted contract amount or the
billing amounts from the actual transactions. If it is necessary to control
orders separately, you can define a start and finish date for the extension.
You register the progress of an extension by extension or by extension within control code. Projects can
be controlled by specific extensions or with the control budget. You can use the sessions relating to extensions to enter, display
and print out changes to a project that affect customer invoicing. Four
extension types are supported: The following types of fluctuation settlement exist: Index fluctuation settlement You can settle a
percentage of the contract price according to price indices. The billable
amount is based on invoiced installments or on the progress. Price fluctuation settlement You can settle items in
the budget that contain a specific material (for example, copper) while
accounting for possible price fluctuations of that material. Price indices are
maintained at the material and data level. The invoicing is based on the
progress registered in Project Progress. Invoices concerning the billing of
price variations are generated. These invoices are processed by Invoicing, based on
the invoicing method defined in the Project Definition module. Budget entries that contain specific materials can be settled while
taking account of possible price fluctuations for those materials. Price
indices are maintained by material and date. Billing is based on progress.
Note You cannot define extensions of type Fluctuation Settlement
for Cost Plus projects and for projects with Invoicing method set to Unit Rate. | |