How To Fix 06042 - Target value of contract & exceeded by & &

SAP Error Message - Details

• Message type: E = Error

• Message class: 06 -

• Message number: 042

• Message text: Target value of contract & exceeded by & &

What causes this issue?

The target value of <DS:GLOS.3526BFF6AFAB52B9E10000009B38F974>contract
</> no. &V1& which you are referencing has been exceeded (or will be
exceeded on creation of this <DS:GLOS.3526BFF7AFAB52B9E10000009B38F974>
contract release order</>) by &V2& &V3&.

How to fix this error?

INCLUDE NA_T160M LANGUAGE EN
INCLUDE NA_EKGRP LANGUAGE EN

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 06042 - Target value of contract & exceeded by & & ?

  The SAP error message "06042 Target value of contract & exceeded by & &" typically occurs in the context of contract management or procurement processes within SAP. This error indicates that the target value set for a contract has been exceeded by the amount specified in the error message.
  Cause:
  
  Exceeding Contract Limits: The most common cause of this error is that the total value of the purchase orders or goods receipts associated with a contract has surpassed the target value defined in the contract.
  Incorrect Data Entry: There may be incorrect data entry in the contract or related documents, leading to discrepancies in the expected versus actual values.
  Contract Modifications: Changes made to the contract after its initial creation (e.g., adding new items or increasing quantities) may not have been properly reflected in the target value.
  Multiple Purchase Orders: If multiple purchase orders are linked to the same contract, the cumulative value may exceed the target value.
  
  Solution:
  
  Review Contract Values: Check the target value set in the contract and compare it with the total value of the associated purchase orders and goods receipts. This can be done through transaction codes like ME33K (Display Contract) or ME2K (Purchase Orders by Account Assignment).
  Adjust Contract Target Value: If the target value is indeed too low for the expected usage, consider adjusting the target value of the contract to accommodate the additional amounts. This can be done using transaction ME32K (Change Contract).
  Check for Errors: Verify that there are no data entry errors in the contract or related documents. Ensure that all values are correctly entered and reflect the intended amounts.
  Monitor Purchase Orders: Keep track of all purchase orders linked to the contract to ensure that they do not collectively exceed the target value. If necessary, create new contracts for additional orders.
  Consult with Stakeholders: If the contract needs to be modified, consult with relevant stakeholders (e.g., procurement, finance) to ensure that changes are aligned with business needs and compliance requirements.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as ME33K (Display Contract), ME32K (Change Contract), ME2K (Purchase Orders by Account Assignment), and ME3K (Outline Agreements).
  SAP Notes: Check SAP Notes for any known issues or updates related to contract management and error messages.
  Documentation: Review SAP documentation or user manuals for contract management to understand how target values are set and managed.
  
  By following these steps, you should be able to resolve the error and ensure that your contract management processes run smoothly.