Contract Management

Use Contract Management to perform contract-related tasks and to retrieve contract-related data. You can view and maintain contract information such as the contract type, the invoice type, the contract amount, and the budgeting method.

  • Contract fees and penalties

    The contract fees and penalties are used to incentivize the contractor. The terms and conditions can be agreed upon with the contractor as part of the contract. You can define fees and penalties for all the contract types. The invoicing method is defaulted from the contract line data. However, you can change the invoicing method.

    Fees and penalties are defined as part of the contract line data and must be linked to the revenue code. You can define a period of validity for a fee line. You can add multiple fee and penalty lines to a contract line.

    You can close the project or the contract even though the fee amount and the invoice amount are not same because the invoiced amount can be lower than the fee amount or even zero (not earned by the contractor because of lack of performance).

    Infor LN considers the fees and penalties to calculate revenues. Infor LN only considers the fee type Fixed Fee for revenue recognition.

    You can close the project or contract even if the fee amount and the invoice amount are not same because the invoiced amount can be lower than the fee amount.

  • Cost Peg Audit History

    You can view the history data of the project cost peg that displays the modifications done to the peg data of the orders. You can also print the project cost peg audit history data.

  • Progress Payment Requests

    Progress payments requests are generated for the costs incurred when working on a contract with the business partner. Progress payment invoices are sent to the customer based on an agreed billing cycle and settled using the installment or delivery based invoices. The progress payment request process is used to create a US specific Standard Form1443 invoice.

    You can define the progress payment data using the values of the Progress Payment % and Progress Liquidation % fields for the contract. You can also specify the Invoicing Method and Payment Terms to calculate the discount amount, period, and date for the invoices.

  • Copy Labor Rates

    The Labor Rates check box is used to copy the labor rates specified for a contract or contract line, when you use the Copy contract or Copy contract line option. If a project is linked to contract the labor rates cannot be copied. However, labor rates for a contract line can be copied, even if linked to a project.

  • Additional Information Fields

    Additional fields are available in the contract header as specified in the contract line. These fields are also used as attributes when defining authorizations for Contract Management. These fields are copied by default when you use the Copy Contract option.

  • Contract Clauses Flow Down

    The Additional information fields specified in the Contract lines (tpctm1110m000) session, which are linked to the Project Peg of the Planned order, are defaulted to these sessions:

    • Planned PRP Purchase Order (Material) (tppss6110m000)
    • Planned PRP Purchase Order (Equipment) (tppss6111m000)
    • Planned PRP Purchase Order (Subcontracting) (tppss6112m000)
    • Planned PRP Warehouse Order (tppss6115m000)

  • The Extended Additional Information is provided on the Additional Information tab, in the Contract Lines (tpctm1110m000) session (based on the contract clauses flow down). This option starts the session, Extended Additional Information (tcstl2110m000) to display the customer defined fields (CDFs).

    The Annex Additional Information report prints the contents of the Additional Information fields for the specified object, such as Purchase Order or Contract Deliverable. You can print the report Annex Additional Information using the Annex Additional Information check box, in the Print Contract Acknowledgments (tpctm1400m000) session.

    The Additional Information Differences report prints the differences in the contents of Additional Information of two or more objects. Using this report you can check if any Additional Information fields are not included when the Additional Information from different objects to one object is merged.

  • Contract Deliverable Monitor

    The contract deliverable monitor is extended with a sort by option based on the Planned Delivery Date / Item. You can also view the contract deliverable lines in a graph based on the available filter options.

  • Global trade Compliance

    The global trade compliance functionality is implemented for contract deliverables. If global trade compliance is implemented and the item is identified as Subject to Trade Compliance, during the activation of a contract deliverable, the export compliance check is performed.

  • Mark up percentage

    The Markup option in the Sales Price for Cost Plus Invoicing domain, on the Selling tab, in the Contract Lines (tpctm1110m000) session is used to determine if the sales price of the cost object must include the markup percentage.

  • In-context Graph

    You can view multiple graphs in the Contract 360 (tpctm1300m000) session, based on the option you specify in the Contract Margin group box.

  • Base for Performance Obligation

    The basis for the interim result calculation is determined based on the value specified in the Base for Performance Obligation list, in the Contract Lines (tpctm1110m000) session. The list consists of these options:

    • Contract Amount
    • Transaction Price

When a project is linked to multiple Contract Lines (CLINs), the Transaction Price is used as the base to calculate interim result.

  • Delete or Archive Contracts

    Contract history is part of the archiving procedures and the data can be deleted and/or archived

  • Delete Contract

    Using the Delete Contracts (tpctm1200m400) session, you can delete a range of contracts and contract lines and the related objects such as Contract deliverables, Advance payment, and Installment.

  • Price Stage

    The Price Stage functionality is used to identify if the price is fully negotiated.

  • Aftersales Service

    At the time of selling or delivering a product a maintenance contract is also sold as part of the value added service. In Project, for items that require service, After Sales Service is linked to the contract deliverable.

    After Sales Service is enabled for the contract deliverable only if the Extended Service Integration check box is selected in the Contract Parameters (tpctm0100m000) session, for the contract line to which the contract deliverable is linked.

    The Unprocessed After Sales Service option is used indicate that After Sales Service Lines exist with the Status set to Delivered and are linked to the contract deliverable.

    The Process After Sales Service option is used to process an After Sales Service Line linked to the Contract Deliverable when the shipment of the deliverable is confirmed.

  • Letter of Credit

    The Letter of credit (L/C) functionality is enabled for the contract deliverables, only if the Export Letter of Credit and Domestic Sales Letter of Credit check boxes are selected in the Financial Global Trade Compliance Parameters (tcgtc9199m000) session.

  • The Document Compliance status is now considered for global trade compliance and letter of credit or both for the results of the internal and external compliance checks for the documents.