Contract adjustment header

When revising a contract adjustment from Change, the contract adjustment’s header provides key information to track the total cost, man-hours, and price of the adjustment.

In the example below, the contract adjustment header shows budget values prior to making any revisions. Note the following:

Header category Description
CCO total budget The total cost adjustment coming from the executed CCO in Change.
CCO unassigned budget Costs within the change order coming from the CCO in Change that are not already assigned to a cost item.
Net budget change The total cost adjustment on the contract. In this case, it matches the CCO total budget because the cost items with their adjustments came over from the executed CCO to the contract adjustment record.
Net quantity change The sum of the Adjusted CB qty column of the contract adjustment in control.
Net man hour change The sum of the Adjusted CB Mhrs column of the contract adjustment in control.

Header category Description
Billing rate markup The markup amount related to billing rates. This will only have a value if billing rate markups are being used. For more information on billing rates, see Billing methods.
CCO markup The markup value defined on the executed CCO.
CCO unassigned markup The markup coming from the executed CCO that has not yet been assigned on the contract adjustment record in Control. In this case, because the markup has not yet been assigned, the Net contract change only reflects the adjusted costs from the contract adjustment cost items.
Fee The sum of lump sum fee amounts defined at the pay item level of the pay items on the Cost items step of the contract adjustment.

Header category Description
Net contract change The total amount assigned to pay items on the contract adjustment record. This must equal the CCO agreed price in order to submit the contract adjustment for approval.
CCO agreed price The final agreed upon price per the executed CCO.
CCO unassigned price The amount that still needs to be assigned for the net contract change to equal the CCO agreed price.

Note that after adding a 10% markup on the Cost items step of the contract adjustment, the Net contract change matches the CCO agreed price, and the contract adjustment can be submitted.