Use this tab to review the details for the computation of the value on Line 13 of the government Form 1443. All the fields in this tab are non-editable.
You should review the details for Line 13 of the 1443 after you have computed the bill and before you have printed or posted it.
Estimate Total Costs (Line 12a plus Line 12b)
This non-editable field displays the total estimated costs. The system calculates this value by adding Line 12a and Line 12b.
This non-editable field displays the total contract price for the project. You can select what value you want to use as your total contract price in the Project Billing Information screen (Projects\Maintain\Billing).
You can select "Contract Cost," "Contract Value," "Funded Cost," "Funded Value," or "Other" to serve as the total contract price for purposes of 1443 computations. If you want to change the basis of the total contract price, you must do so in the Project Billing Information screen (Projects\Maintain\Billing) and then you must recalculate the bill.
Loss Ratio Percentage (Line 5 Contract Price divided by EAC)
This non-editable field displays the loss ratio percentage. The system calculates this value by dividing the total contract price by the estimate at completion.
Line 11 Costs multiplied by Loss Ratio
This non-editable field displays the recognized costs for progress payment after applying the loss ratio. The system calculates this value by multiplying the loss ratio by the Line 11 costs. The Line 11 costs are the total eligible incurred costs.
This non-editable field displays the progress payment percentage from 1443 Info tab of the Project Billing Information screen (Projects\Maintain\Billing).
This non-editable field displays Total Line 13 Costs. The system calculates this value by multiplying the progress payment rate by the recognized costs for progress payments.
Changes to this tab update the PRG_PMT_EDIT_HDR (Progress Payment Edit Header) table.