Contracts and Change Orders
Hi,
In Procurement module, How can i achieve the below scenario of contract management.
Contract Value is 100,000 so my first PO is PO001 with original contract value..Once the contractor commences the work I want subsequent change orders to be linked with original PO so that at any point of time inquiry on that contract must show as below..
PO001 - Original Contract Value 100,000
CO001 - First Change Order on Contract 001 Value 50,000
CO002 - Second Change Order on Contract 002 Value 70,000
Original Contract Value = 100,000
Change Orders = 120,000
Total (Including Change Orders) = 220,000
Regards