A latest estimate is a cost driver that is still to arrive and that no order covers. It can be included in the budget or not. The subject "Latest Estimates" registers and changes latest estimates. A latest estimate registers the expected minimum budget spending within a contract, regardless of orders already placed or invoices already received. A latest estimate is normally registered when a claim, an unexpected setback or a funding without a legal agreement is expected, for instance funding from governments. The entry fields are: - "Project": The project to which the latest estimate belongs. - "Cost Type": The cost category on which the latest estimate is registered. Only cost categories of the master roll up of type "Costs" can be chosen. - "Supplier": The supplier that causes the cost driver. - "Contract": The contract for this category of costs and the possibly related invoices. Two latest estimates cannot share the same contract. - "Amount Latest Estimate": The amount of the latest estimate. - "Observation Date": The date on which the project developer determined the latest estimate. - "Explanation": An informative explanation, such as the reason for the expected budget excess. - "Documents": The linked documents, see Linking Documents. - "Expected Maturity": The date on which the cash flow for this latest estimate is expected to begin. - "Expected Maturity End": The date on which the cash flow for this latest estimate is expected to end. The maturity date is only relevant if the cash flow projection method needs it. - "Distribution Method": The method used to distribute the cash flow of the latest estimate over time, based on the expected maturity and the expected maturity end date.