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Contract capping

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Hi All,

I'm hoping someone may be able to help explain the capping of a contract value. We have a pre-levy carry in value that has been paid but have had some late achievers that were due in the previous year, the amount due is over the contract value and therefore funds are being capped.  Will this funding be adjusted for in time or is there something that needs actioning in order to release the funds. I have emailed the help desk but the reply hasn't been that clear.

Any help would be much appreciated.

Thanks

 

 

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Steve Hewitt

Would definitely start by moaning to your contract manager about it? It was my *understanding* that this would all work itself out in the wash and we *would* be paid for all we deliver (ie cap would be raised when it had to be), but, you're right, this process is opaque to put it mildly...

Permanently deleted user

That was my understanding too and in my limited time dealing with the funding, that has happened previously but not this time. I raised the query with our contract manager and they directed me to the service desk. I guess I'll have to go back to both and see if they can re-direct to another team! 

Thanks