Subcontract - Budget
Updated
Suggested Prior Reading
Subcontract - Budget
The Subcontract amounts appear on the Budget in several different columns (depending on the Subcontract Status):
- Pending Cost Changes
- Committed Costs
- Commitments
- Projected Costs
The total Subcontract value that appear in those columns include taxes and markups (called Grand or Contract Total).
This following identifies the columns on the Budget the Grand Total amounts appear in based on the Subcontract Status.
Some Subcontract Statuses appear in more than one Budget column.
All Statuses appear in the Commitments column on the Budget, therefore as soon as a Subcontract is added, a corresponding Line Item on the Budget is created if it does not already exist. If it already exists, its added into the amounts for that Budget row and in the associated column.
Budget Column and the Subcontract Status that appear in that column:
Committed Costs
- Approved
- Complete
Pending Cost Changes
- Out for Bid
- Out for Signature
- Submitted
Commitments
- Draft
- Out for Bid
- Out for Signature
- Submitted
- Approved
- Complete
- Terminated
- Void
Projected Costs
- Out for Bid
- Out for Signature
- Submitted
- Approved
- Complete
