Projection Methods

Units from Cost Projections

Select this option to calculate revenue projections based on cost projected units from JCCD (Cost Detail). Calculation will include projected cost units for all phases/cost types assigned to a contract item where the cost type UM equals the contract item's UM and the cost type's Item Unit Flag is checked. If cost projected units are 0.00, projected revenue units will be set equal to the current contract units.

Note: If the unit of measure for the Contract Item is not the same as the Job Phase Cost Header (JCCH) unit of measure, revenue projected units and dollars will be calculated as follows:

Revenue Projected Units = (Cost Projected Units \ Cost Current Estimate Units) * Contract Item Current Contract Units

Revenue Projected Dollars = Revenue Projected Units * Contract Item Unit Price

(Cost Projected Units and Cost Current Estimate Units are based on cost types with the Item Unit flag checked).

You will typically only use this option for unit-based contracts where contract units are likely to change, and only if cost projections have been done and projected units modified (plugged).

Billed Units and Dollars

Select this option to calculate revenue projections based on all billing units and dollars through the month and date specified.

You will typically use this option at the end of a job (i.e. job closeout) when you want the revenue projected units and dollars to be equal to the billed values.

Actual Cost Plus Markup Percent

Select this option to set projected revenue equal to the actual costs plus markup (specified below). If a markup percent is not specified, projection values will be set equal to actual costs.

You will typically use this option for T&M projects. Since projection information is used on WIP reports, this will allow revenue to be set to cost plus the specified markup on the reports.

Projected Cost Plus Markup Percent

Select this option to set projected revenue equal to the projected costs plus markup (specified below). If a markup percent is not specified, projection values will be set equal to projected costs.

You will typically use this option for T&M projects. Since projection information is used on WIP reports, this will allow revenue to be set to projected cost plus the specified markup on the reports.

 

 

JC Revenue Calculation