Contract Method
A Contract Method defines the contractual approach agreed with the client for each individual position (each Sale Order line).
It specifies how the line’s quantity, price, and contractual obligations must be interpreted.
In Bimbal, every line of a Sale Order, BIM Template, or Variant Line can have its own Contract Method. This ensures that each position accurately reflects the commercial and contractual rules applied to it.
Contract Methods impact:
how quantities are considered (estimated, fixed, justified, or not priced),
how the price is interpreted,
whether the item contributes to the contractual amount,
how revisions or updates should be presented to the client.
Standard Contract Methods
Below are the five default Contract Methods provided in Bimbal :
|
Code |
Name |
Description |
|---|---|---|
|
UP |
Unit Price (Estimated Quantities) |
Priced by unit × estimated quantity. Quantity may be adjusted later. |
|
LP |
Lump Sum (Fixed Quantity / Fixed Price) |
Fixed quantity and fixed price. Amount does not change. |
|
CP |
Cost Plus |
Final amount based on actual justified costs. |
|
NPI |
Not Priced Item |
For reference only. Not included in the contract amount. |
|
TM |
Time & Material |
Invoiced based on actual time and materials consumed. |
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