About project contracts [AX 2012]

Updated: October 1, 2014

Applies To: Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

When you enter into a contract with a customer or other funding source to complete a project, you can manage the project in Microsoft Dynamics AX. You must first create a project contract. In the project contract form, you enter information about the terms in the project contract. When you create a project, you must assign the project to a project contract. You set up the details about the project, such as a budget, hierarchy of activities, billing rules, and financial dimensions, in the Project form.

The type of project that you create for a project contract determines the method that is used to invoice the project customers. You can modify a project contract and the related project, but you cannot change the project type. For more information about project types, see About project types.

Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).