This activity is used when valuating items on an application for payment and particularly when using valuation method Cost Plus. The user can enter actual cost values for an application for payment item broken down by the project cost elements defined for the company.
If actual costs are retrieved from project, you need to click Retrieve Cost/Progress from Project.
An application for payment must exist with defined items, in status Planned, Approval in Progress, Approved or Submitted.
The work value on an item of valuation type Cost Plus becomes the sum of the reported cost for each Project Cost Element multiplied with the actual markup defined for the contract.