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Type-Defines document version
Initial-: Original agreement.
Revision-: Updated version version of the agreement before execution.
Variation-: Additional scope or changes to the approved agreement.
Project-Links subcontracted work to a specific project.
- Apply Retention - Enables retention for the document, based on the retention settings defined in the related contract.
- Calculation of VAT at Retention Invoice - Applies VAT on the retention amount, following the VAT configuration specified in the contract.
- Recognize expenses in the Payment Application received- When enabled, the system records a transaction similar to a GRN but for expenses, posting Dr Expense and Cr Unbilled Purchase. Later, upon receiving the invoice, the Unbilled Purchase is cleared to Payables.
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Subcontractor WBS-Optional code to identify work as defined by the subcontractor. It can be typed manually by the user.
Item-Description of BOQ or service item.
Content - Detailed description description of work.
- Quantity / UOM / Price - Define the amount of work, its measurement unit, and the agreed rate used to calculate the contract value.
- Discount / VAT / Total - Represents the pricing breakdown, including any discounts, applicable VAT, and the final payable amount.
Project Task - Defines a specific activity or work item to be performed within the project scope.
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Project WBS - Represents the hierarchical Work Breakdown Structure element that groups and identifies where the task belongs within the overall project.
Remaining Budget - Unused budget balance for the selected WBS before this agreement.
Budget Price - Planned cost allocated for the subcontracted work.
Lowest Price - Minimum quotation received during comparison or biddingIt is the lowest price from the Invoice received documents for the whole period by item.
Department - Internal department responsible for the subcontract.
Expense Item - Cost category under which the subcontract expense is recorded (e.g., Sub Contract).
Business Activity - Operational or cost center activity linked to the work (e.g., Main Activity).
Comment - Field for additional notes or clarifications about the line item.
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