With Procore you'll be able to track both committed and noncommitted costs while providing greater accessibility to your Project Management staff.
Procore allows you to easily create client payment applications as well as receive payment applications from each of your commitments. Payment applications are formatted based on the industry standard G702/G703 progress billing and includes features such as retainage and stored materials. Procore can even generate a standard G702/G703 document that can be customised to meet your specific project or company needs. Additional documentation such as Lien Waivers can be attached to Payment Applications to allow all required backup to be submitted and stored in the system.
Using Procore's Direct Costs tool you'll be able to track all of the detail of your non-committed costs such as General Conditions and General Requirements. No more needing to call accounting to ask for a detail report or inquire whether a certain invoice is hitting the budget. If you're already managing and entering these invoices somewhere else, you can utilise our import tool to mass create direct costs and avoid double entry.
Jones & Carter