Understanding PeopleSoft Project Costing and Government Contracting Integration

The Government Contracting feature enables contractors to effectively manage government contracts in accordance with governmental rules and regulations. The Government Contracting system uses project, activity, and transaction data that is stored in PeopleSoft Project Costing to calculate costs and fees for billing, and to create accounting entries for revenue recognition for rate-based products or services. Transactions that the Government Contracting feature creates, such as fees and withholding transactions, are sent back to PeopleSoft Project Costing for analysis purposes.

This topic discusses:

• Terminology that is relevant to the integration between PeopleSoft Project Costing and the Government Contracting feature.

• Cost-plus contract lines.

• Government contract pricing.

• Government contract limits processing.

• Government contract withholding.

• Government contract progress payments

• Government contract variance pricing.