Adding Contingencies to an Estimate

Billable Contingency

To add a billable contingency to an estimate:

1. On an estimate record, click Create Estimate Contingency.
2. Enter a name for the contingency.
3. Enter a billable amount for this contingency. This amount is added to the estimate’s amount, net amount, and is reflected in the margin.
4. [Optional] Enter a description.
5. [Optional] Search and select an estimate product instance on the estimate to associate with this contingency. The Currency ISO Code field will update to the currency of the estimate product instance.
6. [Optional] Search and select an estimate line set, estimate task or estimate role request on this estimate to associate with this contingency. The others might automatically populate depending on your selection.
7. Click Save.
8. Click in the Estimate Builder toolbar to add the contingency to the estimate.

Note:

When you create a project, the billable contingency amount is added to the project’s customer purchase order budget in PSA.

Cost Contingency

To add a cost contingency to an estimate:

1. Open the estimate record.
2. Go to the Details tab.
3. In the Cost Contingency section, enter a budget amount for unexpected costs. This amount will be added to the net amount and cost for the estimate.
4. [Optional] Select the Apply Discount to Cost Contingency checkbox to apply any estimate discounts to the contingency.
5. Click Save.