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About Cost Events

A cost event describes items that need to be bought or sold. These items consist of work or materials that may have an impact on your workspace's revenue or expense. They can be viewed as potential change orders.

• Open the Cost Events register.

If the cost event is approved, you can commit each cost by creating contracts or change orders for purchase agreements.

Note: Cost events are used to gather information that may lead to a contract or a change order for one workspace. Therefore, they are only available to users in your workspace and cannot be exported to another workspace.

A cost event's information is organized on the following pages:

• Main:Contains a description of the cost event. For more information, see "Cost Event – Main".
• Financial Summary:Contains a summary of the financial impact this cost event has on your workspace. This summary is based on the calculated values in the line items. For more information, see "Cost Event – Financial Summary".
• Line Items:Contains a list of the items. Each line includes the estimate, quote and negotiated value for each item. For more information, see "Cost Events – Line Items".
• Settings:Describes the display options and rules for a cost event. For more information, see "Cost Events – Settings".
• Properties:Contains information about the cost event document, such as the author of the document and the date when it was created. For more information, see "Document Properties".

Additional cost event information is also available on the following tabs:

• Project: Lists the projects the document is linked to. For more information, see "About the Projects Tab"

• Workflow:Enables you to see where the document is in its lifecycle, who has already performed actions on the document, and who will receive notification when the document changes to a specific state. For more information, see "Workflow Tab".
• Activity Log:Records all the activities of the cost event, such as when it was saved, imported, exported, forwarded, or received. For more information, see "Activity Log Tab".
• Attachments:Contains a list of all the documents related to this cost event. For more information, see "Attachments Tab".