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What is a 196 - Contractor Cost Data Reporting document?
The 196 EDI document type 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
What makes up the 196 - Contractor Cost Data Reporting document?
An EDI 196 - Contractor Cost Data Reporting document is organized into segment and data elements. 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.
There are an infinite number of possibilities available for a company to include data on an 196 - Contractor Cost Data Reporting.
How is a 196 - Contractor Cost Data Reporting 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.
How is a 196 - Contractor Cost Data Reporting processed?
An EDI solution is required to process the EDI documents received into an ERP or accounting system 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.
eBridge Connections has pre-built maps for all EDI transaction documents including 850 purchase orders, 810 invoices, and 856 advance shipping notices.