The framework agreement Financial Forecast page
- Last UpdatedJan 19, 2024
- 4 minute read
The framework agreement Financial Forecast page provides the framework agreement team with visibility into the finances of all call offs from the framework agreement. This includes financial expenditure, commitment and changes/risk for all its call offs. This visibility allows the framework agreement team to see the value committed by call offs, the upcoming payments and any potential changes that may result in further commitment.
Only framework agreement team members with a Confidential contract role may view the framework agreement Financial Forecast page.
If the call offs from the framework agreement are in more than one currency, separate rows are displayed for each currency, with the total shown in the framework agreement's base currency, calculated using the currency rates specified in the Organization Best Practice Library.
To view a framework agreement's financial forecast:
-
Navigate to the home page of the framework agreement whose financial forecast you want to view.
-
Click the Financial Forecast tab.
The Financial Forecast page for the current framework agreement is displayed. All values are displayed in the framework agreement base currency.
-
To perform an ad hoc calculation using a different set of exchange rates:
-
In the Currency Conversion section, enter the new currency rates.
-
Click Recalculate to update the values.
The default values for the currency rates are those specified in the Contract Configuration. Note that any alternative exchange rates entered for the ad hoc calculation are not stored in the system; they are used only for the purpose of performing this ad hoc calculation.
Note The values shown may not exactly reflect those calculated elsewhere using a single exchange rate for all contracts and communications, for the following reasons:
• Contracts may have different currency exchange rates for the same currency, as defined in their Contract Configurations.
• For communications in a multi-currency contract, which do not use the contract base currency, the exchange rates used for the communications are 'frozen' when they are updated from the Draft state, i.e. the system uses the currency exchange rate that was in effect at the time the communication was issued.
-
The following tables describe the values measured in the framework agreement financial forecast .
Header
|
Field |
Description |
|
Not to Exceed Contract Value |
The upper limit of the total commitment value of all the call offs made from the framework agreement; i.e. the value that has been approved for draw-down over the term of the framework agreement. Calculated as the Initial Not to Exceed Contract Value of the framework agreement plus the sum of the financial values of framework agreement communications which are in the Not to Exceed Contract Value reporting category. |
|
Framework Agreement Budget |
The total budget for the framework agreement. |
|
Not to Exceed Contract Value vs Initial Not to Exceed Contract Value (%) |
The Not to Exceed Contract Value of the framework agreement as a percentage of the Initial Not to Exceed Contract of the framework agreement. |
|
Not to Exceed Contract Value - Approved Contract Commitment |
The Not to Exceed Contract Value of the framework agreement MINUS the total approved commitment for all call offs. |
|
Framework Agreement Budget - Approved Contract Expenditure |
The framework agreement budget MINUS the total approved expenditure for all call offs. |
View by Currency
The values in this table are summed for all call offs of the specific currency.
The total row (shown in bold) is the summed value for all currencies, converted to the framework agreement base currency.
|
Field ID |
Column |
Description |
Calculation |
|
Currency |
The currency for the call offs. In the total row, this is the base currency. |
||
|
A |
Approved Contract Expenditure |
The sum of the financial values for all call off communications in the Approved Contract Expenditure reporting category. |
|
|
B |
Pending Contract Expenditure |
The sum of the financial values for all call off communications in the Pending Contract Expenditure reporting category. |
|
|
C |
Potential Contract Expenditure |
The sum of the financial values for all call off communications in the Potential Contract Expenditure reporting category. |
|
|
D |
Remaining Contract Expenditure |
The approved commitment of the contract MINUS the approved contract expenditure. |
D = G - A |
|
E |
Contract Award Value |
The sum of the initial award values of the call offs. |
|
|
F |
Approved Contract Changes |
The sum of the financial values for all call off communications in the Approved Contract Change reporting category. |
|
|
G |
Approved Contract Commitment |
The contract award value PLUS the approved contract changes. |
G = E + F |
|
H |
Pending Contract Changes |
The sum of the financial values for all call off communications in the Pending Contract Change reporting category. |
|
|
I |
Pending Contract Commitment |
The approved contract commitment PLUS the pending contract changes. |
I = G + H |
|
J |
Potential Contract Changes |
The sum of the financial values for all call off communications in the Potential Contract Change reporting category. |
|
|
K |
Potential Contract Commitment |
The pending contract commitment PLUS the potential contract changes. |
K = I + J |
|
L |
Approved Contract Budget |
The sum of the budget values of the call offs. |
|
|
M |
Approved Contract Changes vs Contract Award Value |
The approved contract changes as a percentage of the contract award value. |
M = F / E [as a percentage] |
|
N |
Approved Contract Expenditure vs Approved Contract Commitment |
The approved contract expenditure as a percentage of the approved commitment value. |
N = A / G [as a percentage] |
|
O |
Potential Contract Commitment vs Approved Contract Budget |
The potential contract changes as a percentage of the approved contract budget. |
O = J / L [as a percentage] |