Adding Contingencies to an Estimate

To add a cost or billable contingency to an estimate:

  1. Do one of the following:

    • On an estimate record, click Create Estimate Contingency.
    • In the Estimate Builder, on the record you want to add a contingency, click View Additional Actions, then Add Contingency.
  2. Select the Amount Input Type. The option selected determines if the amount for this contingency is entered as a number or as a percentage.
  3. Enter a name for the contingency.
  4. Enter a cost amount or billable amount for this contingency. This amount is added to the estimate's amount, net amount, and is reflected in the margin.
  5. [Optional] Enter a description.
    6. Note:

    When adding a contingency directly to a record in the Estimate Builder using the row-level action, the fields in steps 6 and 7 are read-only.

  6. [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.
  7. [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.
  8. Click Save.
  9. Click Refresh in the Estimate Builder toolbar to add the contingency to the estimate.
Notes:
  • When you create a project, the billable contingency amount is added to the project's customer purchase order budget in PSA.
  • If you add a billable or cost contingency as a percentage and then change the amount of the associated record, the contingency does not update. You must add the contingency again to reflect the new amount on the related record.