The Contract page enables you to view the contract amounts and fee information in one central location. It breaks down the compensation and reimbursable allowance amounts in order to account for labor, expense, and consultant amounts.
However, there are different calculations applied for contract amounts depending on the version of Vision that you are using with Navigator.
Vision 7.2
- Compensation — The project's compensation is entered in the
Compensation field on the Budget & Revenue tab in
or it may be updated by entries on the project's Contract Management tab.
- Reimbursable Allowance — This non-editable column displays the project's reimbursable allowance amount for each WBS element that is entered on the Budget & Revenue tab in
when the project is a Regular charge type. Using Navigator, you can determine if there is a difference between what has been planned for reimbursable expenses and reimbursable consultants versus the reimbursable allowance that was entered. Navigator alerts you when there is a difference between the amounts.
Vision 7.3
- Compensation — The project's compensation is automatically calculated by summing the
Direct Expense
and
Direct Labor fields on the Budget & Revenue tab in
. You cannot edit the
Compensation field; it is display-only and updates when changes are made to the direct expense and direct labor amounts for the project.
- Reimbursable Allowance — The project's reimbursable allowance is automatically calculated by summing the
Reimbursable Expense and
Reimbursable Consultants fields on the Budget & Revenue tab in
. You cannot edit the
Reimbursable Allowance field; it is display-only and updates when changes are made to the reimbursable expense and reimbursable consultant amounts for the project.
- The sum of the amounts in the
Compensation (Direct Labor plus Direct Expense),
Direct Consultant, and
Reimbursable Allowance (Reimbursable Expense plus Reimbursable Consultant) fields on the Budget & Revenue tab represent the total amount of fee you expect to receive over the life of the project. This is the
Total Contract Amount
in Navigator.
Note: You can view and plan contracts for a project in Navigator if the Contract option is selected in
. If you are using Vision Multicompany, the setting is evaluated for each project's company.