With Procore you'll be able to track both committed and non-committed 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
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Streamline communication and centralize your documentation with our best-in-class PM solution.
All the tools to help you baseline, trend, and improve your quality and safety processes.
Empower project teams in the field with the tools to maximize profits using an all-in-one financial management solution.
Make decisions that positively impact your budget and schedule with real-time labor productivity reporting.