Period code

The period code determines the frequency of the estimate posting. A period code is defined for each estimate project.

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Estimate date

The date on which the estimate is processed.

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Continuous

• When this option is selected, estimates are only created if estimates are posted in the previous period or if the estimate is the first estimate to be created (first estimate).

• If the option is not selected, estimates will be created whether or estimates were posted in the previous period.

Create estimate

Cost to complete method

By using the cost to complete methods, you can define how you want to estimate the remaining work on the project.

For more information, see About cost to complete methods.

Create estimate

Completion method

Automatic– The completion percentage is calculated automatically based on the cost lines that, according to the cost template, should be included in the calculation.

Manual– The completion percentage is set to equal the completion percentage of the last estimate. When the estimate has been created, you can change the Manual calculationfield in the Estimatesform.

From cost template– This is a combination of the Automaticand the Manualmethods. This option is set automatically or manually, depending on the default value on the cost template.

Create estimate

Forecast model

Select a forecast model for the estimate.

Forecast models apply to the Forecastingand As previous estimatecost to complete methods.

Create estimate

Copy from model

If you want to copy from a forecast model, select a forecast model.

Create estimate

Update cost estimate

When this is selected, hour, expense, on-account, and item transactions posted after the estimate was created will be included in the estimate calculation. The estimate date is also registered for each of these transactions.

Calculate estimate

Delete forecast

Select this option to delete forecast transactions when the estimate is deleted or reversed.

Delete estimate

Reverse estimate

Posting date

The date when transactions will be posted to the general ledger.

Post estimate

Reverse estimate

Eliminate estimate

Reverse elimination

Set stage to Finished

Select this check box to set the project stage for all projects attached to the current estimate project to Finished.

Eliminate estimate

Set stage to In process

Select this check box to set the project stage for all projects attached to the current estimate project to In process.

Reverse elimination

Print estimate list

An estimate list can be created and displayed on the screen. The list contains the status of the current function. Optionally, any warnings about the estimate can be printed in the report.

Options in the estimate list:

• Nothing to print– No report is created and nothing is displayed.

• Exclude warnings– A report is created. However, no warnings are included.

• Include warnings– A report is created and warnings are displayed.

• Only warnings– A report is created, but only warnings are displayed.

These situations will cause warnings on the estimate list:

• A completion percentage exceeds 100%.

• A completion percentage is below 0%.

• A negative amount appears in the quantity/cost to complete estimate column.

• An estimate has been created that has no corresponding contract amount.

• An estimate has been created that has no cost estimate attached.

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Show Infolog

Select this option to show a message when the job has been run with information about which estimate projects have been processed.

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