About project contracts
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
When you enter into a contract with a customer or other funding source to complete a project, you can manage the project in Microsoft Dynamics AX. You must first create a project contract. In the project contract form, you enter information about the terms in the project contract. When you create a project, you must assign the project to a project contract. You set up the details about the project, such as a budget, hierarchy of activities, billing rules, and financial dimensions, in the Project form.
The type of project that you create for a project contract determines the method that is used to invoice the project customers. You can modify a project contract and the related project, but you cannot change the project type. For more information about project types, see About project types.