I am utilizing "formula" to add a new column which will state "Y" or "N" based on logic:
if([award basis] = "Competitive" or "Open Competitive" and (!contains[Billing Method], "CP" or "TM" or "LH")
then "Y"
Else "N"
Endif
The logic is if award basis is either "Competitive or open competitive, and the field billing method does not contain "CP" "TM" or "LH", the new field should show "Y", otherwise "N".
This breaks after the "and" statement.