Cost Settings

Project administrators can control several Cost Management settings within the Cost settings tab:

  1. Click the Module Selector .

  2. Select the Services tab.

  3. Select Cost Management in the left panel.

    Note: If you enter Project Admin directly from Cost Management, you start in this position.

  4. The General secondary tab is selected by default. Switch to the Cost tab.

Number Format

You can define the number format for:

Define Code Formats

Project administrators can control the default display of code formats within Cost Management.

To define the code format settings:

  1. Click the More menu next to Expense.

  2. Click Edit.

  3. For each code type, define the following:

    • The maximum number of characters.
    • Prefix: anything before the generated numbers.
    • The number of digits and starting number. This sets how the numbers are automatically generated.
    • Suffix: anything after the generated numbers.

  4. Click Done.

Contract Schedule of Values

Project administrators can set a default behavior for the schedule of values. Choose between two options:

  1. Amount locked. This locks the amount of each budget-linked item and allows for further breakdown.
  2. Fully locked. This locks the amount hierarchy and is required before creating a payment application.
Tip: You can change this setting at any time.

Contract Overview Columns

Project administrators can manage the name, group, and order of existing columns. They can also create custom columns calculated on project values or other columns.

To manage existing columns and create custom calculated contract columns, click Manage.

To change where existing columns appear (group and position), rename them and control which appear by default. Select the column name and choose the desired option beneath the list view.

To learn more about managing custom columns, see the Create Custom Columns article. See the Budget and Contract Tables article to understand the logic behind those tabs in Cost Management.

Required Fields for Contract

Project administrators can define a batch of fields as required when filling up data for a contract.

To do so:

  1. Open Services, and then choose Cost Management from the left navigation.
  2. Switch to the Cost tab.
  3. Scroll down to Required Fields and click it.
  4. Choose which fields should be marked as required. Custom attributes are also listed and can be chosen.

After setting it up, when creating a contract, those fields are marked as obligatory and must be filled up to proceed with the contract workflow. By clicking View, you'll be redirected to the missing data.

Contract and Expense Types

The type column in contracts and expenses is a drop-down menu. Click Add to create more types for selection. Use the More menu to deactivate a default type.

Contract, Cost Payment Application, and Expense Approval Workflows

Project administrators can create custom approval workflows for contracts, cost payment applications, and expenses. This allows you to automate the routing of documents for internal review and maintain company-defined processes' consistency and transparency across projects. Learn more about approval workflows.

Toggle Auto start after submission to automatically start the approval workflow after submission of the cost payment application. Switching this option affects new applications and those in status Draft, Pending Supplier Input, and Revise and Resubmit. Learn more about payment applications’ statuses.

Tip: You can also create approval workflows for budget-related items.

Compliance Requirements

Define compliance requirements for contracts and cost payment applications. To do so:

  1. Click the Compliance Requirements drop-down list.
  2. You can add compliance requirements by clicking Add next to Contract or Cost Payment Application.
  3. Add the name and description of the requirement – those will be seen in the Compliance Requirements section in the application or contract details panel.
  4. Requires a document is a default option. You can choose an extra option Requires Document Expiration Date. See the Set Up Expiration Dates for Compliance Requirements section in the Compliance Requirements article for more information.
  5. For contracts, you can choose if the requirement applies to one, several, or all contract types.
  6. Click Save.

Note: After adding a contract compliance requirement, you’ll see a note: Contract compliance requirements must be fulfilled to submit the associated Cost Payment Application.

By clicking the More menu next to the compliance requirement, you can choose from the options:

See the Work with Compliance Requirements article to learn how to work with these types of documents.

Document Templates

Create standard contract and cost payment application template formats. The templates are created using fields that automatically populate with data. See the Create and Manage Document Templates article for more information.

Dates for Contract, Cost Payment Application, Expense

You can define a default value for dates and choose to have them displayed on the home page. This will help you manage the schedule in Cost Management. To do so, open the More menu and click Edit.

Note: Items without the More menu can't be displayed on the home page and can't be edited.

If applicable, you can choose the default value for the date. Use the relative date option for cases where an activity is relative to the date of another activity (for example, creating a procurement schedule). The relative date option is only available for editable system-generated dates and custom dates.

Tip: You can create relative dates for custom attributes and custom columns.

Available document variable examples are shown by clicking Show More. You can use those to prepare document templates.

Custom Attributes

Create custom attributes for the details panels within:

See Custom Attributes for more information.

Default Email Message

Customize the default email message for contracts and cost payment applications submitted for review.

Parent page: Manage Cost Management Settings