Funding and Revenue Limits

PeopleSoft Contracts enables you to define funded limits and revenue limits for your rate-based contract lines and fee limits for lines associated with a fee type (cost-plus). You can define period of performance controls and determine whether the system should enforce those controls for billing and limit processing by contract line.

The funded/billing limit is the maximum amount that you can bill on your rate-based contract lines. If the Separate As Incurred Billing and Revenue option is selected on the contract, then a separate revenue limit amount is defined that represents the maximum amount of revenue that can be recognized. Fee limits are also defined for contract lines associated with a fee type (cost-plus). After you define your limits and the contract is active, you perform limit changes using amendment processing.

Funded and revenue limit amounts are visible on the contract header and line, and you can also view and manage them using the Limits Review online inquiry page. Any changes made to the limits over the life of the contract must be made at the contract line level.