Budget and Awarded Costs

If the iSpec administrator has turned on the Prompt for budget and actual cost then you will need to enter a estimated budget for the tender.
 
 
 
ISpec will not let you publish the tender until you have entered this information. Click the link in the Project widget.
 
 
Enter the estimated cost in the AFE budget amount window.
 
 
If the tender is ready for publication then the Publish button will now be shown.
 
 
When all the negotiations are  complete you must enter the Awarded cost before you can select the winning bid.
Click the Enter the awarded cost button.
 
 
Unlike if you have AFE approval (where you need to restart AFE) it does not matter if the awarded cost is outside the exceeded amount set by the iSpec administrator.
In the AFE budget amount window enter the awarded cost.
 
 
You can now select the winning vendor and continue with contract management.
 
 
 
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