Fee Estimate Tab of Opportunity Info Center
Use the Fee Estimate tab to build a fee estimate for the current opportunity or prospective project. This allows you to select a service profile the contains predefined fee amounts by fee basis, define the project's associated phases, and enter other parameters that you can use as the foundation for calculating the project's estimated fees.
Contents
Service profiles and their associated groups are defined in
and .Functional Groups Grid
Use this grid to set up a budget and define your fees for the project, which Vision then applies when calculating the totals for the fee estimate. This grid calculates the fees at the functional group level by summing the individual cost group's fees
Phases Grid
This grid only displays if the Create Phases Grid button is selected on the Cost Groups grid. When you select Create Phases Grid, Vision displays a Select Phases dialog box that lists the phases that are associated with the selected service profile. On this dialog box, you can select one or more phases that you want to assign to the service profile. Assigned to each phase is a percent of the project's total fee, with the sum frequently totaling 100 percent (assuming the contractor is responsible for the planning of the entire project). However, there may be situations where there is a pre-planning phase or the project is broken down into other components. In this case, the sum of the phases may only represent one portion of the project.
When you click OK, Vision generates the Phases grid and automatically populates it with the phases and their associated percentages.
Field | Description |
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Phases Drop-Down |
Click the drop-down arrow on a grid header to complete any of the following actions:
Not all options are available on all grids. |
Insert | Click this option to select a new phase for the opportunity service estimate. You can define the percent of fee for phases inserted. The inserted phases will be associated with the main fee defined in the functional group grid. |
Delete | Click this option to delete an existing phase that is associated with the fee estimate. |
Phase | This field displays the phase code. If inserting a phase, enter a phase to assign to the fee estimate.
If you are creating a new project in the Project Info Center that is based on an opportunity's fee estimate, the phase may be mapped to a Work Breakdown Structure (WBS) level. This allows you to create a WBS that is based on the phases of the fee estimate. |
Phase Description | This field displays a description of the phase. |
Standard Percent of Fee | This field displays the percentage that represents this phase's portion of the total fee for the functional group. The total displays in the Sum row at the bottom of the grid. Most often, this sum will total 100 percent, assuming your firm is responsible for the planning of the entire project. However, there may be situations where there is a pre-planning phase or the project is broken down into other components. In this case, the sum of the phases may only represent one portion of the project.
Vision does not validate or require that the sum of the Service Phases grid equals 100. |
Special Services Grid
Use this grid to define any additional fees that are not included in the service profile.
Field | Description |
---|---|
Special Services Drop-Down |
Click the drop-down arrow on a grid header to complete any of the following actions:
Not all options are available on all grids. |
Insert | Click this option to create a new special service. |
Delete | Click this option to delete an existing special service. |
Phase | Enter a phase to assign to the special service fee. |
Description | This field displays a description of the phase. |
Fee | Enter a fee for the special service.
The sum of all of the special service fees displays at the bottom of the grid. |
Summary
Use these fields to view a summary of the fees and amounts after calculations are applied.
Field | Description |
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Currency | If you use the multiple currencies, this field displays the project's billing currency and the currency of the service profile. This dictates the format of the chargeable cost. |
Fee | This field displays your fee for core services.
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Special Services | If charges are entered on the Special Services grid, this field displays a sum of all special services. |
Surcharge | Use this field to account for any additional charges that apply to the fee. For example, you may need to charge for modernization that is in addition to the standard fee. You can enter the surcharge as a percentage or as a total amount. If you enter a percentage, Vision automatically calculates the charge based on the total fee. |
Additional Expenses | Use this field to enter any additional expenses that apply to the fee estimate. For example, there may be travel charges that you want to bill as part of reimbursables at 4%. You can enter the additional expense as a percentage or as a total amount. If you enter a percentage, this is calculated based on the fee plus special services plus surcharges. This amount is not included in the total fee. |
Other | Use this field to enter an amount or a percentage that percentage or an amount that represents any other costs that apply. For example, you could enter a discount for the fee if you have already completed a similar project and have a working knowledge of the job. You can enter this as a percentage or as a total amount. If you enter a percentage, Vision automatically calculates the charge. |
Net Fee | This field displays the sum of the Fee, Special Services, Surcharges, Additional Expenses, and other charges. |