List Cost

List Cost represents the cost calculated by multiplying the list unit price and the corresponding Pricing Quantity. List Cost is denominated in the Billing Currency and is commonly used for calculating savings based on various rate optimization activities by comparing it with Contracted Cost, Billed Cost and Effective Cost.

ListCost MUST adhere to the following requirements:

• ListCost MUST be of type Decimal.
• ListCost MUST conform to NumericFormat requirements.
• ListCost MUST NOT be null.
• ListCost MUST be denominated in the BillingCurrency.
• When ListUnitPrice is null, ListCost MUST adhere to the following requirements:
  • ListCost of a charge calculated based on other charges (e.g., when the ChargeCategory is "Tax") MUST be calculated based on the ListCost of those related charges.
  • ListCost of a charge unrelated to other charges (e.g., when the ChargeCategory is "Credit") MUST be equal to the BilledCost.
• ListCost MUST equal the product of ListUnitPrice and PricingQuantity when ListUnitPrice is not null and PricingQuantity is not null.