Job Costing - Bid Jobs

Bid jobs allow for the tracking of costs incurred before a contract is awarded. These costs can be tracked against a specific bid code and once the contract is won, the cost can be transferred to the actual job.

A bid job is no different than a normal job, it requires a cost code/category structure and can have costs posted to it.

Once a job has been won, the system creates the actual job and transfers the bid job structure and budgets to the actual job. Currently there is also the option to transfer the costs from the bid job to the actual job or to leave the costs in the bid job only.

The system supports three methods of transferring costs from the bid job to the actual job.

• Do not transfer costs.

• Transfer costs to a specific cost code category.

• Transfer costs as incurred.

Using bid jobs is one way to maintain control of costs incurred before contracts are awarded.