We have a contract for which we need to create the PO where it is required to maintain the payment to labors for different work activities. For different activities, different labor charges are specified and the charges may be variable as notified by the government. For example: If today labor charges are 100 Rs per hour, there may be case that after 3 month government raise the 5% in labor charges changing it to 105 Rs per hour, which may be changed to 10%(with respect to initial price i.e 100 Rs) in next 3 month with effective price of 110 Rs per hour. For different activities different increment with respect to initial price may occur.
How to configure for such contract in our PO which provide facility of percentage escalation on base rate on any line item.
thanks in advance.
Hitesh