Contract Types and Revenue Methods
A key factor to help you decide the best revenue method for a project is the project's contract type.
The following table describes which standard revenue methods are best suited to each of the most common contract types.
Contract Type | Revenue Methods |
---|---|
Time and Materials Without an Upset Limit | B, W |
Time and Materials With an Upset Limit | M |
Cost plus Fixed Fee | M, P |
Lump Sum or Fixed Fee | M, P |
Percentage Completed | M, P |
In addition to these predefined revenue methods, you can create your own user-defined revenue methods as needed.