Set up ceiling rates and limits for the indirect cost plan of the project contract. These ceiling rates and limits serve as default for manually created projects. The rates are calculated in this sequence: ceiling rate, provisional rate, target rate. If no ceiling rate is defined, the provisional rate is calculated. If no ceiling rate or provisional rate is defined, the target rate is calculated.


Standard procedure

1. Go to Project management and accounting > Projects > Project contracts.
2. In the list, find and select your project contract.
3. On the Action Pane, click Plan.
4. Click Indirect cost plan.
5. In the list, select the cost pool.
6. Click Assign ceiling rate.
7. In the Ceiling rate field, enter a number.
8. Click Assign ceiling limit.
9. In the Ceiling limit field, enter a number.
10. Click Save.
Related to Notes

Create project contracts

 

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