What is place of performance in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: place of performance

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: The physical location where contracted work is actually performed. This is mainly relevant for services. For example, a contract can be issued in a particular location but the services can be performed in another one.

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• Key Concepts: 
  Place of performance is a term used in the Public Sector Management (PSM) Global Public Procurement (GPR) component of SAP. It is a field that defines the physical location where the goods or services are to be provided. It is used to determine the applicable taxes and duties for a particular procurement transaction. 
  
  How to use it: 
  The place of performance field is used to define the physical location where goods or services are to be provided. This information is used to determine the applicable taxes and duties for a particular procurement transaction. The place of performance can be specified in the purchase order, contract, or other document associated with the procurement transaction. 
  
  Tips & Tricks: 
  When specifying the place of performance, it is important to ensure that it is accurate and up-to-date. This will ensure that the applicable taxes and duties are correctly calculated for each procurement transaction. 
  
  Related Information: 
  For more information on place of performance in SAP PSM-GPR, please refer to the SAP Help Portal.