3.1.38 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 adheres to the following requirements:

• ListCost MUST be present in a Cost and Usage FOCUS dataset.
• ListCost MUST be of type Decimal.
• ListCost MUST conform to NumericFormat requirements.
• ListCost MUST NOT be null.
• ListCost MUST be a valid decimal value.
• ListCost MUST be denominated in the BillingCurrency.
• When ListUnitPrice is null, ListCost adheres to the following additional 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 match the BilledCost.
• ListCost MUST equal the product of ListUnitPrice and PricingQuantity when ListUnitPrice is not null and PricingQuantity is not null.

Cost calculated by multiplying List Unit Price and the corresponding Pricing Quantity.

Aggregation: When aggregating List Cost for savings calculations, it's important to exclude either Charge Category "Purchase" charges (one-time and recurring) that are paid to cover future eligible charges (e.g., commitment discount) or the covered Charge Category "Usage" charges themselves. This exclusion helps prevent double counting of these charges in the aggregation. Which set of charges to exclude depends on whether cost are aggregated on a billed basis (exclude covered charges) or accrual basis (exclude Purchases for future charges). For instance, charges categorized as Charge Category "Purchase" and their related Charge Category "Tax" charges for a Commitment Discount might be excluded from an accrual basis cost aggregation of List Cost. This is because the "Usage" and "Tax" charge records provided during the term of the commitment discount already specify the List Cost. Purchase charges that cover future eligible charges can be identified by filtering for Charge Category "Purchase" records with a Billed Cost greater than 0 and an Effective Cost equal to 0.