What is fixed fee in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: fixed fee

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: Amount paid to the supplier as a fee for providing goods or services. The amount stipulated in the contract is guaranteed to the supplier after receipt of the goods or services.

Smart SAP Assistant

• Key Concepts: 
  Fixed fee is a type of payment in the Public Sector Management (PSM-GPR) Procurement module of SAP. It is a predetermined amount that is paid to a vendor for a specific service or product. The fixed fee is usually agreed upon before the service or product is delivered and does not change regardless of the amount of work or resources required to complete the task. 
  
  How to use it: 
  In SAP, fixed fees are used to simplify the procurement process. When creating a purchase order, the user can select “fixed fee” as the payment type and enter the predetermined amount. This will ensure that the vendor receives the same amount regardless of how much work or resources are required to complete the task. 
  
  Tips & Tricks: 
  When setting up a fixed fee payment in SAP, it is important to ensure that all parties involved agree on the predetermined amount before any work begins. This will help avoid any disputes or misunderstandings later on. Additionally, it is important to keep track of all fixed fee payments in order to ensure that vendors are paid on time and accurately. 
  
  Related Information: 
  For more information about fixed fees in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PSM_GPR/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html