Quantity and Rate

For an Equipment Procurement Order Line with the Line Type field set to Quantity and Rate, you can specify the Quantity and the Procurement Rate.

The application calculates the Amount based on this formula:

Amount = Quantity x Procurement Rate.

Note: This amount is used in the financial transactions.

You can select the Call-Offs check box. However, you cannot specify the Capped Amount. The upper limit of the total Call-Off Quantity for an Equipment Procurement Order Line is calculated based on this formula:

Note: You must specify the Quantity, however, the Procurement Rate can be zero. When the Procurement Rate is zero:
  • Financial transactions are not written (because amount is zero).
  • Utilization is not expected.

The quantity unit is defaulted with the Time Unit of the Equipment Cost Object and you can specify the equipment quantity. This is the number of pieces of equipment that is required.