Contract / Fees Tab

The Contract / Fees tab is used to identify the total project fee related to the project. This may be represented as a single line item or composed from multiple line items. Only items marked Active will be included in the total, allowing for historical values to be left in place, and for potential future values to be entered as placeholders.

Chart: Budget Detail

The total value of the pie chart represents the sum of all active fees on the Contract / Fees. Cost elements such as profit, consultant, expenses, and labor are subtracted from the total fee to arrive at the Labor Available. Labor Available is the amount of dollars available for planned labor hours. As time sheets are posted the cost amounts will be shown as Job to Date labor and will decrease labor available:

Re-size the chart to improve readability.

The Budget Detail chart on the Contract / Fees tab reflects the current state of the Budget Detail chart on the Labor Budget tab. Changes must be made and saved on the Labor Budget tab before the Contract / Fees tab Budget Detail chart will update.

Delete

Place a mark in the checkbox to mark a row for deletion. All rows marked to be deleted are permanently removed once the current tab is saved.

Date

The date the fee was identified or went into effect. When fees are linked from the Schedule tab the date used will be the date of the linking.

The date field is editable by the end user

Description

The description of the fee (i.e., proposed fee, add services, basic services, etc.). By default fee amounts will read Billing from Vision.

This field is not editable by the end user

Active

The Active column determines whether or not the fee amount is included in project budget calculations. Select the checkbox to make the fee active.

Fees that are not selected are inactive and are not included in project budget calculations. Setting a fee to inactive allows project managers to track prior values for historical purposes and for anticipated amounts to be entered as placeholders without impacting the project budget.

Estimate

When selected, indicates that the fee amount entered is an estimated value. This is useful for identifying the potential impact of an Add Service or other fee amount that has not been formally agreed to.

Active fees that are marked as estimates are still included in project budget calculations. Marking a fee as an estimate is for reference only.

Construction | Percentage | Amount

The fee amount can be entered in multiple ways:

This is helpful when working from a known fee amount (such as a lump sum project) that is not tied to construction value.

A single fee amount cannot exceed $2 billion.

Billing Terms Fee Amount

This value represents the current fee amount identified in the financial system. This value is not editable in Project Analyzer

Fee Type

The fee type. The available values are configurable but generally include hourly, lump sum, percent of construction, percent of scope, etc.

The Fee Type values are configured in the System Configuration Options Text tab.

Agreement

The status of the consultant agreement / contract associated with the fee. These values are configurable but generally include in progress, verbal, signed agreement, etc.

The Agreement values can be configured in the System Configuration Options Texttab.

Additional Columns

The field chooser contains additional columns that may be added to the grid. For the Contract / Fees tab these include:

This is for reference only and has no impact on any calculations but may impact custom queries.

The default target profit value is set in the System Configuration General Settings tab.

The target profit calculation method is configured in the System Configuration General Settings tab.

To access this tab

Click the Contract / Fees tab in the main Project Analyzer window.