Vehicle Lease with Usage Based charges and Minimum Quantity and Estimated Usage - HxGN EAM - 11.07.01 - Feature Briefs - Hexagon

HxGN EAM Contract Management

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English
Product
HxGN EAM
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Feature Briefs
HxGN EAM Version
11.7.1

One vehicle is leased for a minimum price per month of $1,000. That includes all maintenance costs, insurance, and 2,000 miles per period. Extra miles over 2,000 are invoiced at $0.50 per mile. If meter readings are not always available estimates will be calculated and invoiced.

Define this contract as follows, but take into consideration that other ways may lead to the same result:

Charge Category

Subcategory

Charge Level

Invoice

Rate

Min.
Qty.

UOM Related

Charge Estimated Usage

Estimated Daily Usage

Usage Charges

Usage Based - Miles

Transaction

Yes

$0.50

2,000

Yes

50

The car went 1600 miles the first month. Meter readings were entered 4 days short of the invoicing period end date. The Invoice for this month will be $1,000.00:

Charge Category

Subcategory

Charge Level

Amount

Usage Charges

All

Charge Category

$1,000

Usage Charges

Usage Based

Charge Subcategory

$1,000

Usage Charges

Usage Based

Charge Subcategory

$0 (estimated)

The car went 2100 miles the second month. Meter readings were entered 1 day short of the invoicing period end date. The Invoice for this month will be $1075.00:

Charge Category

Subcategory

Charge Level

Amount

Usage Charges

All

Charge Category

$1075

Usage Charges

Usage Based

Charge Subcategory

$1050

Usage Charges

Usage Based

Charge Subcategory

$25 (estimated)

A six-month run could look like this:

Invoice Period

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Minimum Quantity

2,000

2,000

2,000

2,000

2,000

2,000

Actual

1,600

2,100

2,500

1,950

1,900

2,050

Missing reading days

4

1

5

1

0

3

Estimate Usage therefore

200

50

250

50

0

150

Invoice Quantity

2,000

2,100

2,500

2,000

2,000

2,050

Estimated Invoice Quantity

0

50

250

0

0

150

Invoice Price

Estimate

Estimate Credit

$1,000

$1,050

$25

$1,250

$125

-$25

$1,000

-$125

$1,000

$1,025

$75

If you add rollover buffering to this contract:

Invoice Period

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Minimum Quantity

2,000

2,000

2,000

2,000

2,000

2,000

Actual

1,600

2,100

2,500

1,950

1,900

2,050

Missing reading days

4

1

5

1

0

3

Estimate Usage therefore

200

50

250

50

0

150

Invoice Quantity

2,000

2,000

2,450

2,000

2,000

2,000

Estimated Invoice Quantity

0

0

250

0

0

100

Invoice Price

Estimate

Estimate Credit

$1,000

$1,000

$1,225

$125

$1,000

-$125

$1,000

$1,000

$50

Rollover buffer

200

50

0

0

100

0