What is the significance of pricing procedure in contract document type WK1? Is there any relationship b/w pricing procedure used in sales order(like RVAA01)?
Thanks in advance
Pricing Procedure in contracts - WK1 or WK2 is Wk0001 with cond type wk00 as we need to maintain the total value of contract and updates fron release orders to happen and then check the value exceeding or still to be billed. In WK2 we also need a billiong plan so it is a billing from contract itself (EG: SAP Implementation itself could be a milestone billing), so if the amount to be billed is on %age then the value calculated from this value from pricng procedure.
In case of WK1 where we can use Product Hierarchy or Assortment Module or we can even group some products or even take a single material then we need to know only the total price from this pricing procedure and when we raise the release orders from authorised partners, we need to get prices of material specified in orelease order from condition records but total value is checked against contract ofr contract completion in the pricing procedure of contract.
Reward points if useful