Cost Codes
Combine a cost code with this and you will make a budget code
What is a Cost Type?
Name for a line item used in a project but not originally added to the budget
What is an UBLI(Unbudgeted Line Item)?
GC's will use this downstream type of contract for materials and labor
What is a Subcontract?
This is the place to go to create a change order
What is Change Events?
This is the place in which invoices are created
What is the contract that is being invoiced on?
Tab in the admin tool used to manage cost codes cost types and other segments
What is WBS(Work Breakdown Structure)?
Process for finding out what items will appear in a budget column
What is hovering over the column header?
Other names for this contract are "Head Contract" and "Main Contract"
Number of change order tiers set by default for the prime contract
What is 2?
This is where the current payment due is found on an invoice
What is the Summary Preview?
These can be created to further categorize the costs on a project
What are custom segments?
This must be created before being able to create a custom budget report
What is a custom budget reporting view?
This person is added to commitments to be the user in charge of entering invoices and breaking down the Subcontractor SOV
What is the Invoice Contact?
When wanting to edit a previous Change order this must be done first
What is unapproving all more recently approved change orders?
When wanting to edit a previous invoice this must be done first
What is deleting all invoices created after that invoice?
Cost types are configured here
What is the WBS Tab in the company level Admin tool?
These are the two was to add line line items to the budget
What are manually adding line items and importing .csv/.xlsx?
place where an invoice contact can break down the schedule of values into more lines for invoicing
What is the Subcontractor Schedule of Values(SSOV)?
This is the middle tier in a three tier change order set up
What is a COR (Change Order Request)?
These are created in the Invoicing tool and need to be set up prior to a sub being able to create an invoice on their contract
What are billing periods?
This feature blocks the ability to create custom segments in your WBS tool
What is an ERP integration or use of the Feild productivity tools?
After doing this all changes to the budget amounts will have to be done with Change Orders or Budget Changes
What is locking the budget?
This is the only contract type that defaults to unit quantity accounting
What is a PO (Purchase Order)?
Field in a change event that controls whether the Revenue side will have a ROM value added or not
What is Scope?
Column in the invoice that shows the value of all items purchased but not installed
What is materials presently stored?