Define price for project changes

You can apply price changes to a project change order in several ways:

Apply price indexation to a project.
Change the project WBS and accordingly change the related prices.

Activities

Name	Responsible	Description
Set up sales prices for project categories	Sales representative	Set up default sales prices for hour, expense, equipment, fee, and subscription project categories.
Set up project change order prices	Sales representative	In project change orders, the actual project sales price setup for hours, expenses and fees is used. However, you can define project change order-specific price setup for specific categories. These prices are applicable to the whole project change order. However, if you have defined a specific price for a sub-project, the project change order price isn't applicable. Instead, the sub-project-specific price is applicable to the sub-project and all lower work breakdown structure levels under the sub-project. If you transfer a project change order to a project, for each project change order-specific price setup, a project-specific line is added to the related project sales price setup.
Set up sub-project prices for project change order	Sales representative	On a project change order work breakdown structure, you can use projects in the hierarchy. The default sales prices for these projects are defined by the sales prices in the quotation margin. However, for each project in the work breakdown structure, you can also define a specific sales price for specific categories. These project-specific prices are applicable to the project and all lower work breakdown structure levels under the project. However, if you have defined a specific price for a sub-project, the project-specific price isn't applicable. Instead, the sub-project-specific price is applicable to the sub-project and all lower WBS levels under the sub-project. If you transfer a project change order to a project, for each (sub-)project-specific price setup, a (sub-)project-specific line is added to the related project sales price setup.
Define project change order contract totals	Sales representative	For a project change order work breakdown structure, for all project lines of type Fixed price, you define the Contract total. You can do so on the Quotation statement form in two ways: Simulate and transfer the contract total. Manually enter or change the contract total. To simulate the contract total, you can use: Margin The sales price minus the cost price (also known as gross margin). Formula: sales price - cost price / sales price * 100% Example: if a sales price is $100 and the cost price $70, the margin is $30. Or, stated as a percentage, the margin percentage is 30% Markup The amount by which the cost price is increased to derive the sales price. Formula: sales price - cost price / cost price * 100% Example: a markup of $30 from the $70 cost price yields the $100 sales price. Or, stated as a percentage, the markup percentage is 42.9%.

Activities

Name	Responsible	Description
Set up sales prices for project categories	Sales representative	Set up default sales prices for hour, expense, equipment, fee, and subscription project categories.
Set up project change order prices	Sales representative	In project change orders, the actual project sales price setup for hours, expenses and fees is used. However, you can define project change order-specific price setup for specific categories. These prices are applicable to the whole project change order. However, if you have defined a specific price for a sub-project, the project change order price isn't applicable. Instead, the sub-project-specific price is applicable to the sub-project and all lower work breakdown structure levels under the sub-project. If you transfer a project change order to a project, for each project change order-specific price setup, a project-specific line is added to the related project sales price setup.
Set up sub-project prices for project change order	Sales representative	On a project change order work breakdown structure, you can use projects in the hierarchy. The default sales prices for these projects are defined by the sales prices in the quotation margin. However, for each project in the work breakdown structure, you can also define a specific sales price for specific categories. These project-specific prices are applicable to the project and all lower work breakdown structure levels under the project. However, if you have defined a specific price for a sub-project, the project-specific price isn't applicable. Instead, the sub-project-specific price is applicable to the sub-project and all lower WBS levels under the sub-project. If you transfer a project change order to a project, for each (sub-)project-specific price setup, a (sub-)project-specific line is added to the related project sales price setup.
Define project change order contract totals	Sales representative	For a project change order work breakdown structure, for all project lines of type Fixed price, you define the Contract total. You can do so on the Quotation statement form in two ways: Simulate and transfer the contract total. Manually enter or change the contract total. To simulate the contract total, you can use: Margin The sales price minus the cost price (also known as gross margin). Formula: sales price - cost price / sales price * 100% Example: if a sales price is $100 and the cost price $70, the margin is $30. Or, stated as a percentage, the margin percentage is 30% Markup The amount by which the cost price is increased to derive the sales price. Formula: sales price - cost price / cost price * 100% Example: a markup of $30 from the $70 cost price yields the $100 sales price. Or, stated as a percentage, the markup percentage is 42.9%.

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