Use this page to update the project log directly with three types of transactions: Negotiated Changes, New Unpriced Work, and Allocate Management Reserve.
You can enter the amount of funds to be transferred between accounts for each transaction.
Note: This page displays only if you select the
Adjust the log and
Transaction Change options on the Log Operation page.
Contents
| Field | Description |
|---|
| Account fields
|
These fields are updated as you enter an
Amount value. These can include the following fields:
- Negotiated Cost
- Authorized Unpriced Work
- Contract Budget Base
- Contract Ceiling
- Management Reserve
- Distributed Budget
- Undistributed Budget
- Over Target Baseline
|
| Transaction Type
|
Select one of the following options from the drop-down list:
- New Unpriced Work: Select this option to indicate funding for new work that is authorized but not yet priced.
You can update the balance of
Authorized Unpriced Work by entering an
Amount in the
New Unpriced Work transaction type.
Authorized Unpriced Work is budget that has not yet been allocated as time phased (distributed) budget on the project.
- Allocate Management Reserve: Select this option to transfer funds from the
Management Reserve account to the
Undistributed Budget account.
You must transfer funds from the
Management Reserve account to the
Undistributed Budget account before you can distribute budget. You can distribute budget only from the
Undistributed Budget account.
- Negotiated Changes: Select this option to update the
Negotiated Cost or
Authorized Unpriced Work.
|
| Amount
|
Enter the amount of the transaction.
|
| Amount from AUW
|
Enter the amount to transfer from the Authorized Unpriced Work (AUW) account. This amount cannot be greater than the current balance in the AUW account. You can enter a positive or negative amount or zero.
|
| Credit To
|
Select where you want to credit the amount you entered. Select one of the following options from the drop-down list:
- Management Reserve: Select this option to credit or debit the
Management Reserve account with the value you entered in the
Amount field.
- Undistributed Budget: Select this option to credit or debit the
Undistributed Budget account with the value you entered in the
Amount field.
|
| Adjust contract fee
|
Use these fields to adjust the fee amount or percentage on the contract. You can enter a positive or negative amount or zero.
- Fee %
: Use this field to enter a percentage to automatically calculate the percentage in the
Fee Amount field.
- Amount
: Use this field to enter the exact amount for the contract fee. Entering a value in this field does not calculate the
Fee %
.
|