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.