Contract Pricing
Pricing
When entering items on a contract line and the system cannot find a price for contract coverage, the net price defaults to zero. If you enter a Net price, this sets the List Price to this value.
Currency
The currency on a contract initially defaults from the customer bill-to associated with the contract. You can modify the currency when initially creating the contract.
How currency affects limits depends on the contract design. For a contract in the end user/item sequence:
• Limits at contract header are in the contract currency
• Limits at end user level are in the end user currency
• Limits at line detail are in the end user currency
For a contract in the item/end user sequence:
• Limits at contract header are in the contract currency
• Limits at end user level are in the contract currency
• Limits at line detail are in the end user currency
Credit
Contracts are a type of sales order and follow most of the billing rules for sales orders. If the customer bill-to on the contract header is on credit hold, the Credit Hold Option determines the processing. This field has one of three values:
(0) Contracts can be created regardless of the customer credit status
(1) Contracts can be created, but a warning message displays and the system sets the contract’s action status to hold.
(2) Contracts cannot be created for customers who are on credit hold.
