What is 'contingency sale' in SAP IS-EC-HBS - Homebuilding?

contingency sale - Overview

• Component: IS-EC-HBS

• Component Name: Homebuilding

• Description: A sale that is contingent on a buyer meeting certain requirements, such as getting approval for a loan.

contingency sale - Details

• 
  Key Concepts: 
  Contingency sale is a type of sales transaction in SAP IS-EC-HBS Homebuilding. It is used when a customer has not yet decided on the exact specifications of the product they want to purchase, but they have agreed to purchase the product at a certain price. The customer can then decide on the exact specifications of the product at a later date. 
  
  How to use it: 
  In order to use contingency sale in SAP IS-EC-HBS Homebuilding, the customer must first agree to purchase the product at a certain price. The customer can then decide on the exact specifications of the product at a later date. The sales order must then be created in SAP IS-EC-HBS Homebuilding and the contingency sale must be selected as the type of transaction. 
  
  Tips & Tricks: 
  It is important to ensure that all relevant information is included in the sales order when creating a contingency sale in SAP IS-EC-HBS Homebuilding. This includes the agreed upon price, any discounts or special offers, and any other relevant information that may be needed for the transaction. 
  
  Related Information: 
  For more information about contingency sale in SAP IS-EC-HBS Homebuilding, please refer to the official SAP documentation.