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Title: Funding Caps and Fee Cap Adjustments

Brief description:

Unanet can limit billing and/or revenue recognition on incrementally funded projects at either the Project or Task level. When cumulative calculated revenue exceeds the Funded Value (less any fixed fee, if applicable), Unanet will post a billing and/or revenue reduction, called a Funding Cap Adjustment.    Similarly, when cumulative calculated Fee revenue on a Cost Plus contract exceeds the Fixed Fee amount, Unanet will post a reduction of billing and/or revenue, called a Fixed Fee Cap Adjustment.   

The revenue reduction accounts are specified in the Project's associated Posting Group.    The The Funded Value is set on the Accounting tabs within the Project/ Task.   The The Fixed Fee Amount is set on the Project's accounting Tab (there is no Fixed Fee field on the Task).


You can optionally limit Revenue and/or Billing amounts to project and/or task Funded Values.  

In this example, There there is a $5,000 Funded Value on labor and $500 Funded Value on expense. The JSR shows both labor and expense have exceeded their caps.


If the Limit Billing and/or Limit Revenue boxes are ALSO selected, then the Funded Value caps described above will subtract the Fixed Fee Amount from the calculation of the Funded Value Cap. 

In other words, The the Funded Value includes any Fixed Fee.   In In the example below: Total Funded Value is $1,500,000 = $1,350,000 (for labor/expense/indirect costs) + $150,000 (for fee).   

In this example, Unanet would perform 2 two separate calculations: one for the fee portion and one for the non-fee portion.  

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