HE463 AC5x_Mod5_ContractManagement.pptVIP

he463s a.00 ? 2007 Hewlett-Packard Development Company, L.P. HP AssetCenter 5.x Software: Modules he463s a.00 Module 5:  Contract Management Lesson 1: Contracts Overview Contract – Data model Common Contract Characteristics Types of Contracts Creating Contracts Overview Contracts AssetCenter helps you manage contracts or agreements signed with your partner companies Contract management enables a company to know: Which assets are leased What is paid for in a lease or rental agreement What options are available to proactively manage assets What is necessary to fulfill contractual terms and conditions Data Model Common Contract Characteristics Master Lease Lease schedule Take-down Rent Asset level rent Interim rent Lease rate factor Acceptance Loss value End-of-lease options Purchase option Notification Early termination Assignee Step rents Common Contract Characteristics Expense lines (costs) generated for all costs associated with a contract Costs include periodic rent, initial payments or interim rent, loans, and other expenses Costs linked to periodic rent payments for contracts are generated automatically by AssetCenter Server Other costs, such as interim rent or miscellaneous fees are calculated dynamically by AssetCenter Types of Contracts Master Lease General leasing conditions Don’t define the list of assets that are covered or the payment conditions Lease Schedule Define a lease schedule or rental agreement Specify the assets included in the contract Define payment conditions Calculate lease payments Allocate lease expense to assets Types of Contracts Maintenance: Manage related work orders for specified assets Insurance: Define an insurance policy License: Define a license agreement with software counters to track compliance Special License contract is ASP, access to an application without having to install the application locally Blanket Purchase Order: Identify commitment level, time period and associated Orders Other: Generic type contract su