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Contract Budgets

In this screen you can register and change Contract Budgets.Open screen in browser Open Form

A contract budget is a specification of the total available budget for a cost type. You can allocate different budgets to different contracts within a cost category and in this way you will be able, as early as possible, to examine budget exceeding.

Contract budgets can only be registered for cost types from the master roll up category ‘Costs’. You can't use contract budgets for ‘Revenues’ and ‘Results’.

For example: you have a budget of EUR 500,000 for the purchase of five to be demolished homes. Per home you have created a contract in the cost category ‘Purchase houses’, with for each home a contract budget of EUR 100.000. After the negotiations with the first resident you know that you need to pay EUR 120,000 for this house. Therefore, you will determine an order of EUR 120,000 already. Although negotiations with the other residents have not been completed, you can already see a budget exceeding of EUR 20,000.

Contract Budgets from a contract on a project screen

The meaning of the entry fields is:

Project

The project of which the contract budget is part of.

Cost Type

The cost category at which the contract budget is registered. Only cost categories can be chosen from the master roll up of the type ‘Costs’.

Contract

The contract where the contract budget is related to.

Contract Budget

The specific amount for this contract.

Release Deviation

If checked, any budget surplus on this contract budget is used to offset deficits elsewhere.

Explanation

An informative explanation such as the reason for the creation of a specific contract budget.

Documents

Linked documents, see Linking Documents.

Expected Maturity

The date the cash flow for this contract budget is expected to begin.

Expected Maturity End

The date the cash flow for this contract budget is expected to end. The maturity date is only relevant if the cash flow projection method needs it.

Distribution Method

The method used to distribute the cash flow of the revenue over time based on expected maturity and expected maturity date.

The meaning of the other fields:

Unallocated Budget on Cost Category

Current budget space for this cost category.

Size

Size of the linked documents.
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