Subcontract Financial Summary - Field Descriptions

Use this table for reference when completing the fields on this screen.

Fields

Descriptions

Contract

Original contract

The original contract amount for the selected subcontract displays.

Change orders

To view details of individual change orders that have been recorded for this subcontract, click the Change orders link.

Revised contract

The revised contract equals the original contract amount plus the total dollar value of change orders.

Proposed change orders

The total dollar amount for all of the proposed change orders for the selected subcontract displays.

Outstanding totals (includes Open Item amounts that have been selected for paymentItems that are selected for payment are considered "committed" as soon as they are selected. but not yet updated)

Current

The current balance is computed by taking the total balance due and subtracting the retention balance.

Retention

The total retention balance is calculated as total retention less retention paid, less discounts taken on retention.

This balance includes the retention amount. Click the available link to open to Subcontract Open Items screen.

Subcontract Open Items (opens the Subcontract Open Items screen)

Unapproved invoices

This is the sum of invoice totals currently stored in Invoice Approval for the vendor.

Unposted invoices

This is the sum of invoice totals currently stored in Invoice / Credit Memo Entry for the vendor.

History totals

Current invoices

The current invoice amount is computed by taking the total invoices and subtracting the retention invoices.

Retention invoices

The total retention invoice amount for the selected subcontract displays.

Total invoices

This balance includes the retention amount. Click the available link to open the Subcontract Payment History screen.