What is subcontract type in SAP RE-FX - Flexible Real Estate Management?

SAP Term: subcontract type

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: An additional subdivision of the three main contract types in Land Use Management: Contract changing portfolio holdings Contract using portfolio holdings Building lease Each of these contract types can be a customer or vendor contract. Possible subcontract types, for example for the main contract type for a customer contract using portfolio holdings, are: Leasehold contract Use and occupation contract Licensing agreement

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• Key Concepts: 
  Subcontract type is a feature of the RE-FX Flexible Real Estate Management component of SAP. It is used to define the type of subcontracting agreement that is in place between a company and its subcontractors. This includes the terms and conditions of the agreement, such as payment terms, duration, and scope of work. 
  
  How to use it: 
  Subcontract type can be used to define the different types of subcontracting agreements that a company has with its subcontractors. This allows for better tracking and management of subcontracting agreements. It also allows for more accurate reporting on subcontracting costs and performance. 
  
  Tips & Tricks: 
  When setting up subcontract type in SAP, it is important to ensure that all relevant information is included in the agreement. This includes payment terms, duration, scope of work, and any other relevant details. It is also important to ensure that all subcontractors are aware of the terms and conditions of the agreement. 
  
  Related Information: 
  For more information on how to set up subcontract type in SAP, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP.