In VertiGIS FM Contracts, you can manage price indexes that measure the relative prices of goods and services to track, for example, the cost of living. The relative price (or index) is recorded each month of the year.
Indexes saved in VertiGIS FM can be applied to invoices and payments so that amounts are adjusted in accordance with a price index.
Add a Price Index
You can add a new index to the system on the VertiGIS FM Contracts start page.
To Add a Price Index
1.Navigate to the VertiGIS FM Contracts start page.
2.Under Operational Procedures, click Add Price Index.
3.Click the Add (
) icon.
4.Enter a name and start date for the index.
5.Click Save and Close.
You can now update the index.
Update an Index
You can update an index with data released by a government or central bank.
Add a Year
You must add a new year to the index at the beginning of each calendar year.
1.Navigate to the VertiGIS FM Contracts start page.
2.Under Operational Procedures, click Add Price Index.
3.Under Price Indexes, double-click the index to which you want to add a new year.
4.In the Years section, click the Add () icon.
5.In the Year text box, enter the name of the year and click Save and Close.
The Index value is added at the end of the calendar year. You can only enter it for a new year if you are creating a year that has already completed.
Update Monthly Data
You can update the index data each month.
To Update Monthly Data
1.Navigate to the VertiGIS FM Contracts start page.
2.Under Operational Procedures, click Add Price Index.
3.Under Price Indexes, double-click the index you want to update.
4.Double click the year for which you want to update data.
5.Select a month and click the Edit (
) icon.
6.Enter the index value for each month for which data is available.
7.Click Save and Close.
The index updates accordingly.
Updated Index in VertiGIS FM Contracts
Price Index Details
Field |
Description |
|---|---|
Modification |
Whether an index is applied to specified invoice payments associated with the contract. |
Price Index |
The index based on which prices are adjusted. |
Original Index |
|
Blocking period for adjustment of start of payment |
|
or no adjustment until |
|
Modification with end of blocking period |
|
In case of a change of |
A menu from which you can select > or >= symbols to specify whether an index fluctuation should be applied to a payment. The selection is paired with the Annually, Percent [%], Or all month(s), Or points, or always in month, and Change Index rise to percentage points to specify what the index change must be greater than or greater than or equal to in order to generate an amount adjustment. |
Annually |
Refer to the description for the In case of a change of field. |
Percent [%] |
Refer to the description for the In case of a change of field. |
Or all month(s) |
Refer to the description for the In case of a change of field. |
Or points |
Refer to the description for the In case of a change of field. |
or always in month |
Refer to the description for the In case of a change of field. |
Change Index rise to percentage points |
Refer to the description for the In case of a change of field. |
Accommodation in the amount of (idex increase) [%] |
|
Initial price |
|
Constant adjustment [%] |
|
Valid from * |
|
Nachverrechnung * |
|
In VertiGIS FM Contracts, you can apply an index to a contract and then adjust contract payment amounts according to the index.
Adjust Payment Amounts Per Index
Index data saved in VertiGIS FM can be used to adjust invoice payment amounts for contracts managed in VertiGIS FM Contracts. You must first apply the index to a contract, and then you can adjust the payment amounts over time to account for factors like inflation.
