Entering Item Application Values—Exercises

Required Data

Entering Item Valuation

Purpose: The purpose of this exercise is to show you the required data that is used in the exercises below.

  1. Enter valuation values for the contract items.

General exercise for Entering Item Valuation

Main Exercise

Purpose: The purpose of these exercises is to enter the item application values and to change the status of the valuation to Application Received.

Windows:
Sub Contract Valuation
Sub Contract

Entering Item Application Values

Note: Since you are entering item application values, the valuation you will be working on must originate from a sub contract which has the Item Level CertificateSub Contract/Defaults tab.

  1. Open the Sub Contract Valuation window and query for the valuation.
  2. Enter 1 in the Application No field.
  3. Click the Sub Contract Valuation/General tab, enter the current date in the Application Date and Application Received Date fields.
  4. Open the Sub Contract window and query for the sub contract to which the valuation belongs.
  5. Click on the Items tab to see the contract values for each item in the Value Adjusted field for the first contract line.
  6. Go back to the Sub Contract Valuation window, and click the Item Valuation tab.
  7. Enter the same values that are in entered in the Value Adjusted field for each contract item (as step 5) in the Application Work Value and Application Stored Material fields.
  8. Save your changes (F12).
  9. Repeat steps 5-8 for all the items in each contract line.

Receiving Application

  1. Open the Sub Contract Valuation window.
  2. Query for the valuation from the previous exercise.
  3. Right-click on the header and click Status, then click Receive Application. The value in the Status field changes to Application Received.

Note: If you have connected your contract items to project activities, go to these activities and observe the used cost retrieved based on the application received values.