Billing/Revenue
The Billing/Revenue tab includes information about how the system processes billing and recognizes revenue for the contract. Billing information includes whether the contract is billable, the billing method for the contract, the billing group code, the billing group frequency, and the billing limit method.
The billing limit method determines how the system uses the amounts that you enter on the Contract Amounts tab during invoice processing. The system uses the amounts as limits and does not allow you to bill for amounts that are in excess of the contract amounts if you select one of these values for the billing limit method:
Awarded By Line
Awarded By Total
Funded By Line
Funded By Total
If you select No Limit, the system does not prevent you from billing for amounts that are in excess of the contract amounts.
Billing information also includes whether contract-specific labor categories apply to the contract, and whether the system should consider subcontract labor as labor. Contract-specific labor categories are job type codes that must be used on transactions for the contract. If you specify that contract-specific labor categories apply to the contract and then also specify that subcontract labor should be considered as labor, then you must use the labor categories on subcontract orders as well.
See Setting Up Contract-Specific Labor Categories.
Revenue information includes whether or not the contract is eligible for revenue, the method for calculating revenue, and the method for applying contract limits. The methods for applying contract limits for revenue are the same as the methods for applying limits for billing.