Invantive VisionIn this screen you can register and change Contract Budgets.
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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.
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. |
