Deltek Vantagepoint Help

Enter Contract Information for a Project

Use the Contract tab of the Contract Management form in the Projects hub to enter contract information and amounts for a project.

The Contract tab is available only if the selected project is a regular or promotional project. You cannot enter contract information for an overhead project.

Note that if you want to create contracts for multiple projects at one time based on their existing compensation amounts, you can use the Create Contracts from Fees utility in the desktop application (Utilities > Updates > Create Contracts from Fees) to do that.

To enter contract information and amounts for a project:

  1. In the Navigation pane, select Hubs > Projects > Contract Management.
  2. At the top of the Contract Management form, enter either a complete or partial name or number in the Find project lookup field to find and select the project for which you want to enter contract amounts.
  3. Click the Contract tab.
  4. Click + Add Contract.
  5. On the new grid row, enter information about the contract (contract description, contract number, and so on).
  6. If the Include in Fees checkbox column is available and you want amounts on the Compensation tab to be set to the corresponding contract amounts and thereafter kept in sync, select Include in Fees for the contract.
    The Include in Fees column is available only if Synchronize Contract Values to Project Compensation is set to Yes on the Contract Management settings form.
  7. In the amount fields (Direct Labor, Direct Expenses, and so on), enter the contract amounts for the project as a whole.
  8. To allocate sales credit to employees for the contract, click at the end of the grid row, and enter the allocation percentages for the employees on the Credit Allocation dialog box.
  9. If the project work breakdown structure (WBS) has levels below the project level and you want to spread contract amounts to lower level WBS elements, expand the levels of the WBS in the Contract Details grid to display the first element.
    Depending on the settings on the Contract Management settings form (Settings > Project > Contract Management), either you can enter amounts for any WBS element at any WBS level, or you can enter amounts only at the lowest WBS level and Vantagepoint rolls up those amounts to higher levels. For more information, see How Contract Management Settings Affect Contract and Compensation Entry.
  10. Repeat step 9 for other WBS elements for which you want to enter contract amounts.