Rental Equipment Procurement Line

For a rental agreement with the External Hire check box selected and cost type, Rental, you can set the Cost Specification Type field to Rental Equipment Procurement.

When a cost line with the Cost Specification Type field set to Rental Equipment Procurement is linked to the rental agreement, an equipment procurement line is created for each rental period line. The actual quantity, rental cost rate and unit are retrieved from rental period line and agreement. If the agreement or rental period line data is modified, the changes are synchronized with the equipment procurement line.

When the rental period cost line is costed, the linked procurement line is also costed. If a subsequent rental period line is created for the remaining cost, a new procurement line is also created.

The sales price and amount is not maintained for the rental Equipment Procurement cost lines. The price origin is set to Not Applicable and pricing is not applicable. These lines are skipped during recalculations of prices and discounts.

The rental Equipment Procurement cost line cannot be created, modified or deleted manually. All actions are derived and triggered from the Rental Period Costs line.