Page Comparison

specify contract terms and milestones

The Contract tab is where you specify Contract Line Items (CLIs), service periods, and milestones. Contracts may be multi-faceted. For example, there may be a fixed price portion and a T&M portion. Projector models this through the concept of Contract Line Items (CLIs). Each CLI can model different contract terms. Your choices are:

• Time and Materials
• Not to Exceed
• Fixed Price, Revenue Schedule
• Fixed Price, Percent Complete
• Non-chargeable

You'll tie each CLI to a project. The project represents delivery of that CLI. There is a one to many relationship. So you could use several projects to deliver a single fixed price portion.

You can model different time and cost contract terms. In this way you could have FP time, but T&M expenses.

The contract tab is also where you define Service Periods. Service Periods are used to model a fixed bucket of contracted hours. When that bucket is exceeded, you can push overage hours to another project.

The contract tab is also where you will specify billing milestones. Milestones are used as payments on FP contracts and for pre-payments on T&M/NTE projects.