Honest time tracking on Lump Sum and Upper Limit fees

UniPhi 22 improves support for tracking timesheets against Lump Sum and Upper Limit fee Deliverables and Variations by divorcing Contract Value from Contract Invoice Value.

Why it matters

On a Lump Sum or capped fee, what you invoice the client and what the work actually costs you in hours are two different stories — and mixing them distorts both.

By separating the Contract Value (the commercial position you invoice against) from the Contract Invoice Value, teams can book time honestly against a deliverable, monitor burn against the cap, and understand deliverable-level profitability, without timesheet actuals interfering with the invoiced position — and vice versa.

How to use it

1.       Set up the revenue contract with Lump Sum or Upper Limit Deliverables and Variations as normal in the Contracts module.

2.       Have the team book timesheets against the deliverables — actual hours accumulate in the contract Schedule view against each deliverable.

3.       Invoice from the contract Value/Invoice interfaces — the invoiced position is maintained separately from the timesheet-driven value, so a capped fee no longer needs workarounds when recorded effort exceeds (or lags) the amount claimed.