Revise
Estimates
You can change estimates using the Contract Maintenance form only for projects that have an Estimate status. You can revert to Estimate status if you have not recorded any transactions for a project. However, once you record transactions, you must use the Revise Estimates form to enter changes that your customer has approved.
The Revise Estimates form lets you :
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Adjust the price of an open fixed price project.
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Adjust the estimate for an existing project category (on a basic project).
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Adjust the cost plus percentage, markup percentage, overhead rate (or percentage), and labor rate (or percentage) for an existing project category.
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Adjust the estimate for an existing resource category (on a standard project).
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Assign new categories and resources to open projects.
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Change the billing type for any project.
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Edit the description for any project or category.
If you are assigning a new category on a standard project, you must:
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Enter and post a revise estimate transaction to assign the new category.
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Enter and post a separate revise estimate transaction to assign a resource that will use the new category.
To revise an estimate for a project
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