construction
Allow excess billing on progress-based contract lines
You can now set progress-based project contract lines to an unrestricted billing amount instead of using Change management or revising contract line amounts manually.
How it works
On the Project contract line page for a progress-based line, set the Maximum billing field to No maximum. This allows an unrestricted billing amount for that project contract line.
Good to know
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Previously, you could set a maximum billing amount only for Time and material billing types. The options for the Maximum billing field are the same for progress-based billing and time and material billing:
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Total revised price (default): Automatically updates the total revised price for a project contract line to reflect linked change requests. The total revised price is the sum of the original, revision, and approved change amounts.
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Specified amount: Allows you to enter a maximum billing amount for a project contract line.
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No maximum: If a project contract does not stipulate a maximum price, this option allows an unrestricted billing amount on the associated project contract line.
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When generating project invoices (Projects > Invoices > Generate invoices), the Maximum billing amount column displays on the project contract line grid by default. If you have set this field to No maximum, the grid shows two dashes (--) for the Maximum billing amount.
Permissions and other requirements
| Subscription |
Construction Projects configured for Projects costing and billing |
|---|---|
| Regional availability |
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| User type |
Business Construction Manager Project Manager |
| Permissions |
Projects, Project contracts
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