1. Job Cost Implementation Guide
  2. Method R (Revenue: Unit Price Contract)

Method R (Revenue: Unit Price Contract)

You assign method R when a contractor is paid based on the quantities in place.

  • Assign to header accounts.

  • The system calculates PC using the formula AU / HU * 100.

  • The system calculates the rate of change for the Budget Units (FU/HU) at the Header Level) multiplies the calculated rate by the RBLU and RBLA values for each detail and Header account, and updates the result to IA/IU ledger for all accounts that roll up to the Header Cost Code.

    For example, if the HU is 1000, and it is changed by entering a new projected final Units (HU) of 1100, the system calculates the rate of change as 100รท1000 x 100 or 10 percent. The 100 units of the change are entered into the IU Ledger Type. If the RBLA = 1,000, the system multiplies it by .10 and updates the IA ledger with the amount of the change (100). The 10% change is applied to all RBLA and RBLU rows in the Cost Code including the Cost Code Header.