Contracted Cost

Contracted Cost represents the cost calculated by multiplying contracted unit price and the corresponding Pricing Quantity. Contracted Cost is denominated in the Billing Currency and is commonly used for calculating savings based on negotiation activities, by comparing it with List Cost. If negotiated discounts are not applicable, the Contracted Cost defaults to the List Cost.

ContractedCost adheres to the following requirements:

• ContractedCost MUST be present in a Cost and Usage FOCUS dataset.
• ContractedCost MUST be of type Decimal.
• ContractedCost MUST conform to NumericFormat requirements.
• ContractedCost MUST NOT be null.
• ContractedCost MUST be a valid decimal value.
• ContractedCost MUST be denominated in the BillingCurrency.
• When ContractedUnitPrice is null, ContractedCost adheres to the following additional requirements:
  • ContractedCost of a charge calculated based on other charges (e.g., when the ChargeCategory is "Tax") MUST be calculated based on the ContractedCost of those related charges.
  • ContractedCost of a charge unrelated to other charges (e.g., when the ChargeCategory is "Credit") MUST match the BilledCost.
• ContractedCost MUST equal the product of ContractedUnitPrice and PricingQuantity when ContractedUnitPrice is not null and PricingQuantity is not null.