Fees and Penalties (tppin0180m000)

Use this session to create and maintain the fee and penalty data for the contract line linked to a specific contract.

The fees and penalties are used to incentivize the contractor and can be agreed upon with the contractor as part of the contract. For fees and penalties, additional invoices (or credit notes) are generated. The fee and/ or penalty are used, based on the performance of the contractor.

Note: 

LN allows you to link multiple fee and penalty lines to a single contract line. For example, you can add a fixed fee line and an incentive fee line.

To print the contract acknowledgement with the contract fee and penalty data, the Fees and Penalties check box must be selected in the Print Contract Acknowledgments (tpctm1400m000) session.

Field Information

Contract

The code that identifies the contract, to which the fee lines must be linked.

Status

The status of the contract.

Allowed values

Free
On Hold
Active
Closed
Canceled
Note: If the status of the contract header is Canceled, the status of the related contract lines is also set to Canceled.
Contract Line

The position number of the contract line.

Status

The status of the contract line.

Allowed values

Free
On Hold
Active
Closed
Canceled
General
General
Fee

The position number of the fee line.

Fee Type

The type of the fee and penalty that must be invoiced to the business partner.

Allowed values

Fixed Fee

The amount paid to the contractor based on the terms of the contract.

Award Fee

The amount paid to the contractor in parts or as one-time payment based on the performance of the contractor.

Incentive Fee

The amount paid when the contractor meets or exceeds the performance targets.

Penalty

The amount paid to the business partner by the contractor in case the terms of the contractual agreement are not met.

Note: When you transfer the fee or penalty line to Invoicing , the Fee Type data is also transferred.
Sold-to Business Partner

The code of the sold-to business partner linked to the contract.

Name

The name of the sold-to business partner.

Contact

The code of the contact specified for the sold-to business partner.

Contact Name

The name of the contact specified for the sold-to business partner.

Phone

The primary phone number of the contact.

Phase

The code that identifies the phase of the fee. This value is defaulted from the contract line.

Revenue Code

The revenue code of the contract fee or penalty line.

Note: This value is defaulted from the Revenue Code for Fee field or the Revenue Code for Penalty field in the Project Parameters (tppdm0100s000) session.
Invoicing Method

The invoicing method specified for the contract fee or penalty.

Payment Terms

The code of the payment terms specified for the contract fees and penalties.

Payment Method

The code of the payment method specified for the contract fees and penalties.

Text

If this check box is selected, a text related to the contract fees and penalties, exists.

Note: When you transfer the fees or penalty to Invoicing , this value is also transferred.
Use Text on Invoice

If this check box is selected, Infor LN allows you to use the text related to the contract fees and penalties on the invoice. The text can be used to validate the fee or penalty. You can also print the text on the invoice, if required.

Project
Project

The code of the project that is linked to the contract.

Element

The code of the element linked to the project.

Activity

The code of the activity linked to the project.

Triggering Activity

The code of the activity that triggers the contract fees.

Note: The use of a triggering activity (or milestone) is optional.
Planned Invoice Date

The date on which the invoice must be generated for the contract fee and penalty line.

Note: This value is defaulted from the Scheduled Finish Date field in the Activities (tppss2100m000) session. However, you can modify this field.
Amount
Fee Amount

The contract fee and penalty line amount.

Currency

The currency in which the fee and penalty line amount is expressed. This value is defaulted from the contract line.

Fee Amount in Home Currency

The contract fee and penalty line amount, expressed in home currency.

Home Currency

The home currency in which the contract fee and penalty line amount is expressed.

Invoice Amount

The approved contract fee and penalty line amount that must be invoiced.

Note: This amount can differ from the Fee Amount. For example, if the fee criteria is not met, the total fee amount is not paid to the contractor.
Probability

The percentage value which indicates the probability that the Fee or Penalty is to be awarded to or levied on the contractor. If the specified value is greater than the specified Fee Revenue Threshold, Infor LN considers the fees amount. The threshold value is defaulted from the contract line, based on the value specified (for the same) for the contract and the Project Parameters (tppdm0100s000) session.

Note: 
  • Based on the probability, the fees can also be considered when calculating the interim results.
  • The probability field is not applicable for the fee type Fixed Fee.
Currency

The currency in which the invoice amount is expressed. This value is defaulted from the contract line.

Invoice Amount in Home Currency

The approved contract fee and penalty line amount to be invoiced, expressed in home currency.

Document Compliance Status

The status of the compliance for the bank guarantee documents.

Allowed values

To be Validated

The document compliance check is to be performed.

Validating

The document compliance check is successful, but pending approval.

Validation Error

The document compliance check failed, correction and new validation is required.

Validated

The document compliance check is successful, or failed but overruled by an authorized user.

Not Applicable

Document compliance checks are not required.

Note: 
  • This is a display field.
  • This field is displayed only if:
    • The Trade Management checkbox is selected in the Implemented Software Components (tccom0100s000) session.
    • The check boxes in the Bank Guarantee - Beneficiary or Bank Guarantee - Applicant field groups are selected for the Trade Types Export and/or Domestic Outbound in the Financial Trade Management Parameters (tcgtc9199m000) session.
Approved for Invoicing

Indicates that the contract fee and penalty line is approved and the fee and penalty line can be transferred to Invoicing .

Note: Infor LN selects this field when you approve the contract fee and penalty line, using the Approve option.
Transferred to Invoicing

Indicates that the contract fee and penalty line is transferred to Invoicing .

Note: 

Infor LN selects this field when you transfer the approved contract fee and penalty line to Invoicing , using the Transfer option.

Infor LN clears this check box when you cancel the billable line of the invoice related to the fee or penalty line, in Invoicing .

Invoice Document

The code of the financial company that must be invoiced.

Note: 

This value is part of the Invoice Document number of the contract fee and penalty line.

This field is populated with the company of the invoice of the fee or penalty line, when you post the invoice.

Invoice Transaction Type

The procedure type for the transaction related to the fee and penalty line. Invoicing identifies an invoice using this field.

Note: 

This field is populated with the transaction type of the invoice of the fee or penalty line, when you post the invoice.

Invoice Document

The sequence number of the invoice.

Note: 
  • This field is populated with the invoice number of the fee or penalty line, when you post the invoice.
  • Infor LN updates this value with the number of the new invoice that is created when you cancel and regenerate the invoice, in Invoicing . When you cancel the invoice, you can only modify the invoice data such as reference, address, and tax number, if required.
  • You can also modify the Invoice Amount when you create a credit note for a specific invoice line.
  • Infor LN updates this value with the number of the new invoice that is created when you cancel and regenerate the invoice, in Invoicing.
  • When you cancel the invoice, you can modify the invoice data such as reference, address, and tax number. However, you can also modify the Billable Amount if you create a credit note for a specific invoice line. Only the authorized users (in Invoicing) can modify the amount.
  • The invoice must not be linked to an installment.
  • The status of the project must be not be Closed.
Invoice Date

The date on which the invoice is generated for a specific contract fee and penalty line.

Note: 
  • This field is populated with the date when the invoice is created for the fee or penalty line, when you post the invoice.
  • Infor LN updates this field with the date when the new invoice is created by cancelling the related invoice, in Invoicing . When you cancel the invoice, you can only modify the invoice data such as reference, address, and tax number.
  • You can also modify the Invoice Amount when you create a credit note for a specific invoice line.
  • Infor LN updates the value in this field, when the invoice is cancelled and regenerated, in Invoicing. When you cancel the invoice, you can modify the invoice data such as reference, address, and tax number. However, you can also modify the Billable Amount, if you create a credit note for a specific invoice line. Only the authorized users (in Invoicing) can modify the amount.
Dates
Contract Effective Date

The date from which the contract is effective.

Contract Delivery Date

The date when the items are delivered to the business partner, based on the contract.

Start Performance Period

The date from which the performance of the contractor, that is, the company that acquires the contract is evaluated.

Finish Performance Period

The date up to which the performance of the contractor is evaluated.

Tax
Tax
Tax Classification

The tax classification code applicable for the contract fee and penalty line.

Exempt

If this check box is selected, tax exemption is applicable for the selected tax code.

Tax Country

The code of the tax country.

Tax State/Province

The state/province of the tax country for which the tax and registration data is displayed.

Tax Code

The tax code for the contract fee and penalty line.

Own Tax Number

The tax number of the company.

Note: 
  • This is a display field.
  • Infor LN populates this value based on the:
    • The Financial company that is linked to the Sales Office of the contract line.
    • The Tax country linked to the contract line.
    • The Reference date from which the tax is applicable. Usually, the invoice date is considered as the reference date.
Exemption Certificate

The tax exemption certificate number of the contract fee and penalty line.

Note: You can specify the tax exemption certificate number only if the Exempt check box is selected.
Exemption Reason

The reason code for tax exemption, on the contract fee and penalty line.

Note: You can specify the tax exemption reason only if the Exempt check box is selected.
Tax and Registration Data Complete

Indicates whether the tax and registration data generation process is completed for the progress payment request.

BP Tax Country

The tax country code of the sold-to business partner.

Tax State/Province

The code of the state/province to which the sold-to business partner is linked.

BP Tax Number

The tax number allocated to the sold-to business partner, by the government.

Text
Text
Text

The text related to the contract fee and penalty.

Note: When you transfer the fee or penalty line to Invoicing , the fee-related text is also transferred.