Copy Previous Valuation

Explanation

Pricing the work performed and material stored on a contract can be a time consuming job. To assist the person performing the valuation and to avoid having to enter values for all items, the values from the previous application will be copied when creating a new application and when refreshing the contract details. If a previous application does not exist, the valuation will be set to 0 (zero). In addition, it will be possible to manually copy the values from the previous application by selecting Copy Previous Valuation on the application, application lines, and application line items.

Cancelled applications will not be considered when creating previous valuations.

Prerequisites

• The application must be in the Planned status.
• The selected items must not have been valued.
• For non cost plus items, both the Valuation Value and Stored Material fields must be empty.

System Effects

• Items that are already valued will not get a value copied from the previous application.
• The work value and stored material will then be copied from the previous application and the valuation value will be calculated. If the previous application is certified, it will take the corresponding certified column values.
• If a previous certified application exists, the new Valuation Work Value and Valuation Stored Material will automatically be filled in with the values from previous Certified Work Value and Certified Stored Material. The Valuation Value will then automatically be calculated based on the Valuation Work Value and the current contract line item value. See the Create Application for Payment activity for details.
• If a previous application that has not been certified exists, the new Valuation Work Value and Valuation Stored Material will automatically be filled with the previous Valuation Work Value and Valuation Stored Material. The Valuation Value will then be automatically calculated based on the Valuation Work Value and the current contract line item value. See the Create Application for Payment activity for details.
• If a previous application does not exist, the Valuation Value and Valuation Stored Material will automatically be filled with 0 (zero).

Window

Application for Payment

Related Window Descriptions

Application for Payment
Application for Payment/General

Procedure

This happens automatically when performing the Create Application for Payment or Refresh Contract Details activity.

Alternatively:

• In the Application for Payment window, right-click and then click Copy Previous Valuation.
• Click Yes to confirm.