Pricing Rate-Based Contract Lines

This section discusses how to define rate sets, define rate set targets, and define rate plans.

Page Name	Definition Name	Usage
Rate Sets Page	PC_RATE_DTL	Define the source criteria that is used to select the transactions from feeder systems to which the defined rate pricing structure will be applied.
Rate Sets - Target Page	PC_RATE_DTL_LN	Define target data for rate set source rows.
Rate Plans Page	PC_RATE_PLANS	Create any combination of cost, billing, and revenue rate sets together to perform complex pricing scenarios.

Use the Rate Sets page (PC_RATE_DTL) to define the source criteria that is used to select the transactions from feeder systems to which the defined rate pricing structure will be applied.

Navigation:

Customer Contracts > Contracts Center > Definitions > Setup PC Rate Sets CA
Setup Financials/Supply Chain > Product Related > Contracts > Templates > Setup PC Rate Sets CA
Setup Financials/Supply Chain > Product Related > Project Costing > Pricing Structure > Rate Sets

Field or Control	Description
Business Unit	Displays the PeopleSoft Project Costing business unit. This is a required field and must be entered when creating a new rate set.
Rate Set Type	Displays the type of rate set. Values include: Standard: When defining a rate set, select Standard for the rate set type to make this rate set generally available for pricing all contract types. Contract: When defining a rate set, select Contract to limit the rate set for use in pricing a specific contract line.
Rate Definition Type	Identify the types of rates in a rate set by entering the rate definition type. Rate definition types indicate to the system to use the rate set to create indirect costs from direct costs, price transactions for billing, or price transactions for revenue. Rate definition types are used to stack rate sets for more complex pricing scenarios. Select from one of the following rate definition types: Billing: Select to calculate billable rows to pass to PeopleSoft Billing for invoice generation. Cost: Select for rates that are used to track and calculate contract, project, and indirect costs. You must define a costing rate set to calculate indirect costs for cost-plus contract lines. Cost/Billing: Select to create cost and billing target rows. Revenue: Select to calculate revenue recognition rows to pass to PeopleSoft General Ledger. This rate definition type is only available if the Separate Billing and Revenue check box is selected on the Installation Options - Contracts page. This option is only used with cost-plus contact lines. Note: The rate definition type can be changed after saving the page. However, the target analysis type must adhere to the selected rate definition type.

Field or Control

Description

Business Unit

Displays the PeopleSoft Project Costing business unit. This is a required field and must be entered when creating a new rate set.

Rate Set Type

Displays the type of rate set. Values include:

Standard: When defining a rate set, select Standard for the rate set type to make this rate set generally available for pricing all contract types.
Contract: When defining a rate set, select Contract to limit the rate set for use in pricing a specific contract line.

Rate Definition Type

Identify the types of rates in a rate set by entering the rate definition type. Rate definition types indicate to the system to use the rate set to create indirect costs from direct costs, price transactions for billing, or price transactions for revenue. Rate definition types are used to stack rate sets for more complex pricing scenarios. Select from one of the following rate definition types:

Billing: Select to calculate billable rows to pass to PeopleSoft Billing for invoice generation.
Cost: Select for rates that are used to track and calculate contract, project, and indirect costs. You must define a costing rate set to calculate indirect costs for cost-plus contract lines.
Cost/Billing: Select to create cost and billing target rows.
Revenue: Select to calculate revenue recognition rows to pass to PeopleSoft General Ledger. This rate definition type is only available if the Separate Billing and Revenue check box is selected on the Installation Options - Contracts page. This option is only used with cost-plus contact lines.

Note: The rate definition type can be changed after saving the page. However, the target analysis type must adhere to the selected rate definition type.

See Rate Sets Page.

Use the Rate Sets - Target page (PC_RATE_DTL_LN) to define target data for rate set source rows, and access the Rate Variance History page to define variance rates for costing rate sets.

Navigation:

Click the Target link on a source row on the Rate Sets page.
Setup Financials/Supply Chain, Product Related, Contracts, Templates, Rate Sets, Target
Setup Financials/Supply Chain > Product Related > Project Costing > Pricing Structure > Rate Sets > Target

The Rate Sets - Target page enables you to enter the target definitions for the source rows that you defined on the Rate Sets page. One source transaction row can have multiple target definition rows associated with it to enable you to track costs, indirect costs, billable rows, and so on depending on the type of rate set that you are defining.

See Rate Sets - Target Page.

Use the Rate Plans page (PC_RATE_PLANS) to create any combination of cost, billing, and revenue rate sets together to perform complex pricing scenarios for your cost-plus contract lines.

Revenue rate sets can only be defined if the Separate Billing and Revenue check box on the Installation Options-Contracts page is selected.

Navigation:

Setup Financials/Supply Chain > Product Related > Project Costing > Pricing Structure > Rate Plans
Project Costing > Project Costing Center > Configuration Pricing Structure > Rate Plans

See Rate Plans Page.

Pricing Rate-Based Contract Lines

Pages Used to Price Rate-Based Contracts

Rate Sets Page

Rate Sets - Target Page

Rate Plans Page