Financials

The Financials module contains records for tracking project costs. Several record types are available:


Tracking contract changes

As the project progresses, you may need to change the value of a contract. In general, the following people are involved in the process:

  • Owner: The From Company in a non-committing contract.
  • General contractor: The To Company in a prime (non-committing) contract and the From Company in a subcontract (committing contract).
  • Subcontractor: The To Company in a subcontract (committing contract).

Owner-directed changes

An owner-directed change to the original project design can impact the budget, cost, and schedule for the project. These changes can require modifications to your contract with the owner and possibly to the contracts with your subcontractors.

Internal changes

An internal change only affects the project cost and usually requires a modification to the contract with your subcontractor. These changes don't affect the owner's cost and therefore don't affect your project budget.