Project Pricing

The Pricing process (PC_PRICING) creates billing and revenue rows from the costs that are brought into PeopleSoft Project Costing. The costs are matched up with contract lines and rate sets or plans to determine what billing rows (BIL) and revenue rows(REV) are created. Revenue rows are created only if the contract separates billing and revenue.

When using tiered pricing, if you defined a rate set or plan, the system generates BIL rows based on the rate set or plan. Then, the system applies the tiered pricing adjustment percentage to the BIL row's amount.

If you turned on sharing at the installation options level (Contracts Installation Options page), defined sharing options, and defined rates, the Pricing process also creates sharing rows based on your established rates and exceptions.