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Former Member

RFQ and Service PO for Building Construction

Hi Experts,

As I am very new to MM module, I would like to seek your advice on how to do the ff:

A ) A service PO for building of contruction worth $1,000,000. Now the client wants the system to work such that 30% of this amount can be issued for downpayment (percentage varies). Then on certain dates, certain percentages will be paid for the service. Let's say on Oct 31 20% will be paid, on Nov 30 40% will be paid and on Dec  31 10% will be paid.

A.1) Is it possible that the system prevent payment of 30% on October 31 since it is agreed that 20% will be paid?

B) Let's say there is no final price of the construction of building but would still like payment terms like 30% DP and succeeding payments in certain dates and certain percentage?

B) For the RFQ, does it support bidding for construction building?

Your inputs are very much appreciated!!!

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3 Answers

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    Former Member
    Oct 21, 2015 at 04:18 AM

    There's also retention to consider.. So let's say 30% of total price less retention..

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    • Former Member Jagdeep Singh Choudhary

      Unfortunately, the client (they are a land developer company) didn't include the PS system in the package - only MM, RE and FI. I will try your suggestion and see if it works. Thank you!

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    Former Member
    Oct 21, 2015 at 04:58 AM

    Hi Marie,

    Have you checked the condition type in Pricing?

    Let say you create 1 new condition type for "Retention" and create validation in Invoice, this condition type will exclude from LIV calculation.

    Also, you can utilize date in RFQ as a validation from - to retention period.

    For term, 20%, 40%, 10%, is it ok for your client to create in line items?

    let say, line item 10: Desc: 20% Construction, line item 20: 40% Construction and line item 30: 10% construction. But still, you have to calculate the amount manually.

    Hope it helps. Lets the others share solutions if any.

    Regards,

    Agnes

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  • Oct 21, 2015 at 03:57 AM

    have you looked at invoice plan option or building this dependency on project system ? RFQ can support at high level but activity level the way you may be looking for may not be feasible

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