Use this activity to use the project cost or project progress as valuation value.
If project cost and progress have been retrieved from connected project activities, or manually entered, these values can form the basis for the application for payment amounts.
When this activity is executed in the Application for Payment window, there will be different effects according to the place where it is performed. If performed from the header, it will affect all lines and items in that application for payment. If performed from the lines, it will affect all items for each selected line. If performed from the line items, it will affect each manually highlighted item.
Value in the Valuation Value field changes as given in the table below according to the valuation method.
Valuation Method | Valuation Value |
Progress | Project Progress |
Fixed Cost Value | Project Cost |
Fixed Sales Value | To be entered manually. |
Cost Plus | - |
Note: Cost/Progress should be retrieved from the connected activities before setting project cost as valuation values.
The selected item Valuation Value field will be updated with project cost or project progress based on the valuation method and calculation type of the item.