QAD 2017 Enterprise Edition
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Calculating Quote Amounts
Calculating Quote Amounts
When creating a quote, you prepare a detailed estimate of the labor, expenses, and parts required to repair the item. If the item to be serviced has no contract or warranty coverage, you can simply use current list prices for items and service categories to calculate the billable amount.
Call Quote Maintenance uses service type information to identify the product line, repair and cost price lists, response time, and hours of coverage. However, even if the item is under contract or warranty, the levels and limits of coverage are not considered. The quoted repair is estimated at the full list price for items, expenses, and labor.
This approach to estimating is used because there is no way to be sure that coverage in effect on the quote open date will still be in effect on the call open date.
• Coverage may expire before you perform the repair because the end date of the warranty or contract is reached.
• Coverage terms may have been defined with effective dates so that the same terms are no longer in effect when the call is created.
• If you are using contract limits, coverage can also expire if other calls consume the amount before you release the quote.
As a result, the actual amount billed for the call may be less than the quote. To indicate this, create master comments explaining that the prices are subject to coverage terms in effect when the quote is released.