Invantive VisionIn this form you can register and change latest estimates.
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A latest estimate is a cost driver still to arrive which is included or not included in the budget and is not being covered by an order. A latest estimate can be used to register the expected minimum budget spendings within a contract, regardless of already placed orders or received invoices.
Normally you will register a latest estimate if you expect a claim, an unexpected setback or a non-legally agreed funding (for instance from governments).
The meaning of the entry fields is:
Project |
The project which the latest estimate is part of. |
Cost Type |
The cost category on which the latest estimate is registered. Only cost categories can be chosen from the master roll up of the type ‘Costs’. |
Supplier |
The supplier causing the cost driver. |
Contract |
The contract for that particular category of costs and the possibly related invoices. The two latest estimates cannot share the same contract. |
Amount Latest Estimate |
The amount of the latest estimate. |
Observation Date |
The date at which the latest estimate is determined by the project developer. |
Explanation |
An informative explanation such as the reason for the expected budget excession. |
Documents |
Linked documents, see Linking Documents. |
Expected Maturity |
The date the cash flow for this latest estimate is expected to begin. |
Expected Maturity End |
The date the cash flow for this latest estimate 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 latest estimate over time based on expected maturity and expected maturity date. |
