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ContractCommitmentPaymentInterval

New in 1.4

Contract Commitment Payment Interval · Contract Commitment dataset

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Feature level
Mandatory
Data type
String
Allows nulls
No
Column type
Dimension

What it is

Contract Commitment Payment Interval represents the frequency by which a contract commitment is invoiced. For payment models involving deferred financial obligations, the Payment Interval denotes the ongoing billing cycle. For models paid upfront, the Payment Interval denotes the single settlement event. Note: Do not confuse the Contract Commitment Payment Interval with the Contract Commitment Fulfillment Interval. For example, a spend-based commitment discount may have an Hourly Fulfillment Interval (usage reset) but a Monthly Payment Interval (billing cycle).

Allowed values

One-TimeAll Upfront models (e.g., 3yr All-Upfront RI) or single-invoice arrears paid at the end of a term.
MonthlyNo Upfront Savings Plans or Monthly SaaS.
QuarterlyPartial Upfront deals with 90-day true-ups.
Semi-AnnualSplit-payment agreements.
AnnualPartial Upfront EAs billed yearly.
CustomIrregular bridge contracts or non-standard terms.

Requirements (5)

Verbatim from the specification. The validator checks presence, type, nulls and allowed values, not every statement below.

  • ContractCommitmentPaymentInterval MUST be of type String.
  • ContractCommitmentPaymentInterval MUST NOT be null.
  • ContractCommitmentPaymentInterval MUST be one of the allowed values.
  • ContractCommitmentPaymentInterval MUST be "One-Time" when ContractCommitmentPaymentModel is "All Upfront".
  • ContractCommitmentPaymentInterval SHOULD represent a time granularity equal to or lesser than the time granularity represented by ContractCommitmentDurationType.

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The FOCUS 1.4 validator checks this column and 122 others against your file, in your browser, with no size cap and no upload needed.

Other Contract Commitment columns

Definition taken from the FOCUS 1.4 specification. FOCUS is published by the FinOps Foundation under CC BY 4.0.

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