Creating Ad Hoc Products for Cost-Plus Contract Lines
This section provides an overview of creating ad hoc products for cost-plus contract lines and discusses how to create ad hoc products for cost-plus contract lines.
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Page Name |
Definition Name |
Usage |
|---|---|---|
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CA_PROD_ADHOC |
Create an ad hoc product that is used only for a specific contract. You can convert the product to be generally available to all government contracts also. |
When adding contract lines to your government contracts, you can either select from the amount and rate-based products previously defined in your PeopleSoft Contracts system, or you can define a product that is specific to the contract that you are creating. Contract specific products are referred to as ad hoc products and are defined after you have created your contract and are adding your contract lines.
When you create an ad hoc product for a government contract, you must select a price type of either rate or amount. If you are defining an ad hoc product that will require cost-plus functionality, then you must specify Rate as the price type and you must also assign a fee type to the product of Fixed, Award, Incentive or Other. After you define the basic information for the product, you can add the product to the contract and assign the contract line attributes needed for processing.
Ad hoc products are only available to be used on the contract for which they were created. However, you can make these products generally available to your other contracts by using the Create Products from Ad Hoc Products feature in PeopleSoft Contracts.