Create Valuation

Explanation

This activity is used to create a valuation for a sub contract. If any previous valuation exists for the selected sub contract, valuation values or certified values will be copied automatically as valuation values to the newly created valuation. For more information, refer the activity description Copy Previous Valuation.

The currency, unique project and billing sequence of the item is used to create a unique valuation. Billing sequence is a numeric value that you can assign to items that you wish to be grouped together when you create the valuation. Example:

Prerequisites

• The sub contract should exist in either the Awarded, Under Review, Active or Completed status.
• A sub contract revision in the Active status should exist.

System Effects

• A valuation is created in the Planned status.
• A snapshot of the sub contract line and sub contract line item information is copied to the valuation.

Window

Sub Contract Valuation
Sub Contract
Sub Contracts
Manage Sub Contract Items

Related Window Descriptions

Sub Contract Valuation
Sub Contract
Sub Contracts
Manage Sub Contract Items

Procedure

Use this procedure to create a valuation from the Sub Contract window or the Sub Contracts window:

1. Open the relevant window and query (F3) for the sub contract from which a valuation is to be created.
2. Right-click and then click Create Valuation.
3. Save (F12) the newly created valuation.

Use this procedure to create a valuation from the Sub Contract Valuation window:

1. Create a new record (F5).
2. In the Contract No field, enter the sub contract number. Use the List of Values to select a valid value.
3. Once the sub contract is entered, information on this sub contract will be copied to the valuation. If a previous valuation exists for that sub contract, the previous valuations will also be copied.
4. Save the record (F12).

Use this procedure to create a valuation from the Manage Sub Contract Items window:

1. Query for the contract and select the line item in the table below to create the valuation.
2. Right-click and select the Create Valuation menu option.
3. If there are other line items in the contract that have the same currency, unique project and billing sequence as the one you selected above all of these items will be included in the valuation.