Reviewing the Status of a Contract (Release 9.2 Update)

To check the contract completion status for billing lines, access the Work with Contract Status Inquiry form (P52200). Enter the contract number in the Contract Number field, click the search button, and then view the % of Limit column in the grid. The value in the % of Limit column is the percentage completion of the contract.

The % of limit value depends on the NTE rules that are set. The following table shows the calculations.

Set NTE Rules	% of Limit Calculations
Billing Line Level for Invoice Processing	% of Limit = (Billed Net + Unbilled Net)*100/NTE
Billing Line Level for Revenue Processing	% of Limit = (Earned Amount)*100/NTE
Billing Line Level for Invoice and Revenue Processing	% of Limit = (Earned Amount )*100/NTE
Billing Line Level for Invoice and Revenue Processing	% of Limit = (Billed Net +Unbilled Net)*100/NTE
Change Order Level for Invoice Processing	% of Limit = (Sum of (Billed Net + Unbilled Net) for all Billing lines )*100/NTE
Change Order Level for Revenue Processing	% of Limit = (Sum of Earned Amounts for all Billing lines )*100/NTE
Change Order Level for Invoice and Revenue Processing	% of Limit = (Sum of Earned Amounts for all Billing lines )*100/NTE
NTE rule set at Change Order Level for Invoice and Revenue Processing	% of Limit = (Sum of (Billed Net + Unbilled Net) for all Billing lines)*100/NTE

Note: Use the Amounts Used for % of Limit Calculations processing option to calculate the percent of limit amount when NTE rule is set for invoice and revenue. See Amounts Used for % of Limit Calculations (Release 9.2 Update).

Note:

The calculation for the % of Limit when the Schedule Of Values is available and NTE rule is not set:

% of Limit = (Billed Net + Unbilled Net)*100/SOV

Reviewing Contract Completion Percentage by Threshold Value

You can provide a threshold value to verify if the percentage completion of the contract is less than or exceeds the threshold value.

Enter a threshold value in the Percent Billing Threshold field.
Select either the Exceed Threshold or Less Than Threshold radio button, and click the Search button.

In addition to reviewing the status of a contract, you can use the Contract Status Inquiry form to review the PLA (performance liability account) and foreign PLA amounts for the entire contract. Use either the Row or Form exits to navigate to the Revenue Recognition program (P03B116). After you recognize revenue and return to the Work With Contract Status Inquiry form and click the Find button, the system displays the updated PLA and Foreign PLA fields.