Contract Value Calculation
Contract values are calculated based on the Renewals License Pricing Model that you selected on the Contract Renewals Preferences page. For more information, see Setting Up Contract Renewals Preferences.
These topics discuss how contract values are calculated for each pricing model:
These variables are used to calculate the contract value:
|
Variable |
Description |
|---|---|
|
annualTerm |
Refers to the contract term. A value of 12 is used when the term type is annual, otherwise a value of 1 is used. |
|
ciTerm |
Refers to the contract item term. A value of 1 is used when there is no term defined, otherwise the value of the original contract item term is used. |
|
contractRenewalTerms |
Refers to the new term of the contract (in months) when it is renewed. |
|
contractLR |
Refers to the current item list rate based on the contract price level. |
|
currentLR |
Refers to the current item list rate based on the base price on the item record. |
|
customerLR |
Refers to the current item list rate based on the customer price level. |
|
origLR |
Refers to the original item list rate from the transaction. |
|
origDC |
Refers to the original discount. |
|
qty |
Refers to the quantity of the contract items. |