Setup for Fee Percentage of Construction Cost Project / Cost Plus Project

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Posted on 22 Mar 2023 08:11:34 by Sam Fung

Hi all,

How does the D365FO Project and Accounting able to handle Cost Plus Contract Project ?

Wanna know how D365DO can be setup, and which project type should be chose for cost plus contract project.

Appreciate if anyone can guide me or let me know the standard version is not able to handle which may need further customization for this.

Thanks!

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Hana Xue Microsoft Employee on 23 Mar 2023 at 02:44:06

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RE: Setup for Fee Percentage of Construction Cost Project / Cost Plus Project

Hi Sam,

The type of project that you create for a project contract determines the method that is used to invoice project customers. You can change a project contract and the related project, but you can't change the project type.

Regarding the project types in project management and accounting and their uses, you can view them in the link, and choose the appropriate project type according to your needs.

Project management and accounting overview | Microsoft Learn

Also, cost-plus contracts are mostly used in construction projects, and examples of typical time and materials projects in the blog below include professional services and construction projects. You can check out this article for a brief overview.

Dynamics 365 | for finance and operations project types United Technology (hcltech.com)

Best Regards,

Hana