Using contract quotes

The service-contract quote functionality is used to:

  • Specify the terms and conditions of what is to be covered by the service-contract quote.
  • Modify the cost parameters to achieve the required returns (or profits).
  • Manage the stages of a service-contract quote.

After the service-contract quote is created, price simulations can be performed. By varying, for example, the pricing method, different final totals can be calculated and displayed. You can then choose the one that is within the gross margin required, or you can search permission to quote outside this range.

Quote status indicates the various stages of the service-contract quote. Based on the interaction with the business partner, you can update the quote status in the Contract Quote session.

The status can be set to:

  • Free
  • Printed
  • Accepted (for Contract)
  • Processed
  • Canceled