Opportunity Fee Estimates

The Fee Estimate feature provides standardized service profiles and cost structures that you can apply when calculating fee estimates for your opportunities.

When you create an opportunity, you can use the Fee Estimate feature to build an associated fee estimate. This allows you to select an existing service profile that contains predefined fee amounts by fee basis (for example, construction costs or acreage), define associated project phases, and enter other parameters that you can use as the foundation for calculating the project's estimated fees.

Later, as the opportunity moves through the pipeline and associated approvals, you can use the fee estimate as the basis to create a new project record in the Project Info Center. You can also set up your Work Breakdown Structure (WBS) and create phases and tasks for the project. See the Project Info Center section of the help for information.

Multicurrency

If you use the Multicurrency feature:

• You can specify the currency for the service profile on the General Tab of Configuration > General > Fee Estimate Service Profiles.
• The fee estimate's fee basis, fee bands, and other amount fields display in the project's currency on the Project Fee Estimate form in Accounting and on the Fee Estimate tab in the Opportunity Info Center.
• If you are using the German Scale of Fees feature with Project Fee Estimates, the currency is pre-populated based on the German Scale requirements. You cannot change the system-defined currency.

Multicompany

If you use the Multicompany feature:

• The Company Access tab displays in Configuration > General > Fee Estimate Service Profiles.
• Service profiles are automatically available to all companies in the Vision application. Use the Company Access tab to specify the companies that can access each service profile.