Cancellation Costs - Intergraph Smart Materials - Version 2020 (10.0) - Training - Hexagon

Intergraph Smart Materials Classic Lab Tutorials (2020)

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Intergraph Smart Materials
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Smart Materials/Smart Reference Data Version
2020 (10.0)

The Cancellation Costs tab on the P.30.27 Bidder Quotation screen is used for the maintenance of cancellation costs, which is the penalty that must be paid to the bidder if the agreement is rejected. The penalty depends on the number of weeks.

Enter the percentage of penalty to be paid in the Percent field.

Enter the number of weeks or period for which this penalty is assigned in the Weeks field.