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Assigning Costs to Subcontractors RRS feed

  • Question

  • The great majority of our work is performed by subcontractors with lump sum contracts.  How can these costs be entered  since there are not unit rates involved?  With your suggested method of entry, will earned value be calculated  when task progress is updated?
    Monday, October 3, 2011 4:44 PM

Answers

  • Hi Alan Herman,

    Which version of Microsoft Project are you using?

    You could enter these lump sum contracts in different ways:

    • You could create on task for each contract enter them as a 'Fixed Cost' on a task. You can define how costs are charged in the field 'Fixed Cost Accrual'.
    • If using Microsoft Project 2007 or later, you could use Cost resources for defining cost that are not unit rate based

    For both methods, earned value should be calculated as task progress is updated.

    I hope this helps,
    Hans


    My EPM blog: Projectopolis
    Monday, October 3, 2011 6:48 PM
    Moderator

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