Question - What is the use of the field “Standing order”? What kind of order is it?
Answer -
Standing orders are used to carry out ongoing maintenance jobs and settle them at month-end rather than creating a fresh PM order every time. Using order hierarchies, you could attach sub-orders to the standing order and settle them to the standing order to provide you with a more precise recording of maint costs at the sub-order level as well as a budget monitoring at the standing order level.