EDI Document Type - 196 Contractor Cost Data Reporting
What is a 196 Contractor Cost Data Reporting?
The 196 Contractor Cost Data Reporting contains information regarding the Contractor Cost Data Reporting Transaction Set (196) for use within the context of an Electronic Data Interchange (EDI) environment.Standard EDI formats include X12, ANSI, EDIFACT and its subsets. Click here to read more about supported EDI Standards.
What makes up the 196 Contractor Cost Data Reporting?
A 196 Contractor Cost Data Reporting document is organized into the following segment and data elements. A segment can contain at least one data element. Each data element contains a data field. Examples of data elements on the 196 EDI document includes:
•Nonrecurring and recurring costs by work breakdown structure elements summarizing all activities on a contract or proposal.
•Non recurring and recurring functional cost or hour categories for selected work breakdown structure elements.
•Progress curve (learning curve) information detailing unit or average lot data by functional cost or hour categories.
•Summary con-tractor business base information such as indirect expenses, rates, and resources.
How is it used?
The purpose of the 196 Contractor Cost Data Reporting document is to be used to support contractor cost reporting requirements for actual costs and estimates at completion associated with major research and development (R&D) and production contracts or programs. The information in 196 Contractor Cost Data Reporting document can be used to evaluate contractor proposals, make cost projections of a given program, develop historical data bases to develop statistical techniques, and make independent cost analysis of new acquisitions. Finally the 196 EDI document can be used to convey proposed, initial, progress, updated, or final (end of contract) cost information.
The Process and Standards
An EDI solution is required to process the EDI documents received into a financial system (click here to view all available financial systems eBridge integrates into) or into a readable format for manual entry. Each trading partner will have an EDI Implementation guide outlining the specific segments, data elements, values accepted, and the applicable business rules to be followed.
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- Pay one low monthly fee regardless of how many transactions you execute, no VAN fees;
- Last mile integration - from trading partner, right into your accounting package;
- Scalable eBridge solutions allow you to grow your business, integrate and exchange information with trading partners, customer relationship management (CRM), supply chain management (SCM) and eCommerce (webstore) systems
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