Assigning Fixed Price Costs to Activities in Primavera P6

Primavera P6 has a standard process for creating and assigning labor, material, and equipment resources to compute activity cost. What if the activity is performed at a fixed price? Yes, there is a way to specify a fixed price activity cost in Primavera P6 Professional.

A popular procurement contract type is the fixed price contract. In this type of agreement the subcontractor agrees to perform an activity at a fixed price, regardless, of the actual labor, material, and/or equipment costs. In this way your company procurement department transfers the risk of exceeding the budget onto the subcontractor. Any unforeseen activity expenses must be paid by the subcontractor. Great! Well, how do we specify a fixed price activity cost in Primavera P6?

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