Project quotes
In Project Operations, project quotes are designed to help build proposals for project work. A project quote in Project Operations is structured for project proposals with the following components:
Quote lines - Identify the discrete components of work that will be presented as high-level components.
Quote line details - Identify and estimate the work for each high-level component or quote line. Schedule or date estimates and the financial aspects for the work are tied to that quote line.
Contracting models and chargeable components - Are set up for each quote line. This setup helps estimate the spread of revenue, spend, and profitability for each quote line and the overall quote.
Support prospects on quotes
By leveraging the support prospects on quotes functionality, your organization can convert prospective accounts into customer accounts. User interface components and validation logic aid the alteration from prospect status to customer status. This feature will enhance your organizations business processes as the salesperson can generate accurate, thorough quotes for more accounts without having to deal with the complexity on the backend system.