Umpiring Charges

Umpiring charges are associated with the assay exchange process. An umpiring charge is a contract charge configured in a set of contract terms.

The umpiring charge can be entered as a fixed, calculated or tiered value, or determined from a premium matrix. The umpiring charge is based on the number of won or lost lots in the assay exchange. The configuration of the resulting charge value includes settings for rounding of decimal places, minimum and maximum values, how the umpiring charge is applied, and how the umpiring charge affects invoices. For example, for a contract with product pricing, the umpiring charge may display on the invoice without affecting the total invoice value, or may be included as a separate line item, or included in the calculation of the revenue line item.

Umpiring Charge Example

An internal organisation may pay the fee of umpires in full when doing an assay exchange, irrespective of the result. After the result is received, whether the already paid fee should be charged back to the selling or purchasing company is determined:

  • If the company's assays are closer to the umpire's assays, an invoice charge must be applied for the full amount of the umpiring charge.
  • If the customer's assays are closer to the umpire's assays, no charge is applied.
  • If there is a split between the company and the customer, an invoice charge must be applied for 50% of the umpiring charge.

Multiple umpiring charges can be set up. This can be useful if a certain umpire is to be used for a specific analyte, or to display the cost of both won and lost lots on the invoice.

Configuration

Umpire fees can be entered on a per-lot basis in the assay exchange. This method is preferable if the fees vary between lots or during the contract term. To include these fees in an invoice, set up an umpiring charge with the following configuration:

  • Value Type set to Calculated, using either =UmpiringCost() to include the total umpiring cost as a single line item, or =UmpiringCostPerAnalyte("AnalyteName") to include the umpiring cost as a line item for a single specified analyte.
  • Value Basis set to Won Umpire Lot or Lost Umpire Lot. (The Umpire Lot option is the same as Won Umpire Lot.)
  • Unit should be blank.

Alternatively, umpiring charges can be configured as fixed amounts or with escalating tiers based on the number of umpire lots. In that case, values entered for the Umpire Fee and Currency in the assay exchange are not applicable.

An alternative to using an umpiring charge is to use a penalty/bonus or premium contract charge. In this method, all umpire fees must be entered per sample and analyte within the assay exchange. This method is not recommended for MineMarket 4.8 or later because using a calculated umpiring charge makes it easier to configure the chart of accounts. If using this method, configure the contract charge (either penalty/bonus or premium) as follows:

  • Value Type set to Calculated, using either =UmpiringCost() to include the total umpiring cost as a single line item, or =UmpiringCostPerAnalyte("AnalyteName") to include the umpiring cost as a line item for a single specified analyte.
  • Value Basis set to Invoice Value.
  • Value Analyte and Unit should not be specified.