You can create labor rate contracts, create labor rate
schedules, and create payment schedules for leased and rented assets.
You can also associate labor and crafts with labor rate contracts,
and can create terms.
Creating labor rate contracts
When you create a labor rate contract, you can specify labor rates
for crafts, skills, and, labor. You also can manage outside labor and their
rates.
Creating labor rate schedules
In the Labor Rate Contracts application, you create labor rate
schedules to manage the crafts and skills of the people in a vendor contract.
You also retain the information associated with a labor rate contract, and
reference the rates when specific crafts, skills, or individual laborers are
planned for work.
Creating payment schedules for leased and rented assets
A payment schedule is a series of scheduled payments to
be made on a leased or rented asset. You can schedule payments to
occur weekly, monthly, or on certain days or dates.
Creating terms
You can create terms and conditions that can later be associated
with a contract or purchasing record. Terms and conditions can contain
information such as: liability concerns, shipping and handling details,
and delivery time expectations.
Applying service level agreements to records
You can apply a service level agreement (SLA) to a record
to define the agreement and formal commitments between a service provider
and a customer. The agreement documents the service to be provided
or received, the agreed upon service levels for the service, and the
means of measuring or quantifying the level of service.
Adjusting prices on contracts
You can apply a price adjustment to a contract record to
change the prices of its line items. You can raise or lower prices
based on a percentage value.
Revising contracts
You can create a revised version of a contract. You can
also create multiple revisions of a contract.