About Price QuotesAbout Price QuotesYou might have price quotes applied to certain work orders that you work with in the Customer Billing (SP) application. For example, you offer premium seasonal services or special event services and deliver these services for a quoted price.
There are two types of price quotes:
fixed price quote
"not to exceed" price quote
The term "work orders" include work orders, activities, releases, and changes. Tasks do not have price quotes.
The price schedule associated with the work order specifies whether you can apply a price quote to a work order. If the price schedule on the work order allows price quotes, the price quote is considered the bill is calculated.
To allow price quotes for work, the Allow Price Quotes? check box on the associated price schedule must be selected. View the price schedule in the Customer Agreements (SP) application.
To modify a price quote, you add or modify the quote type and the quote price with the View/Update Price Quote action in the work order application.
If the work order contains a fixed quote and quote price, the quote price is billed for the completed work. The quote price can be less than or greater than the total of the line prices on the work order.
The applied price schedule must allow use of price quotes. If it does not, the calculated costs and prices are billed.
If work order contains an NTE (not to exceed) quote and quote price, the quote price for the completed work is billed only if it is less than the actual costs and prices.
The applied price schedule must allow use of price quotes. If it does not, the calculated costs and prices are billed.
When you create a bill batch that includes work orders with price quotes, you can see the following information on the line detail for each bill line:
cost
agreed price
quote type
quoted price
billed price