RFQ and Service PO for Building Construction
As I am very new to MM module, I would like to seek your advice on how to do the ff:
A ) A service PO for building of contruction worth $1,000,000. Now the client wants the system to work such that 30% of this amount can be issued for downpayment (percentage varies). Then on certain dates, certain percentages will be paid for the service. Let's say on Oct 31 20% will be paid, on Nov 30 40% will be paid and on Dec 31 10% will be paid.
A.1) Is it possible that the system prevent payment of 30% on October 31 since it is agreed that 20% will be paid?
B) Let's say there is no final price of the construction of building but would still like payment terms like 30% DP and succeeding payments in certain dates and certain percentage?
B) For the RFQ, does it support bidding for construction building?
Your inputs are very much appreciated!!!
Jagdeep Singh Choudhary replied
Advance payment and retention have standard functionality after ECC EHP4 using a business function. I would recommend you to explore invoicing plan as well business function activation for down payment and retention - LOG_MMFI_P2P