Financial Control

Document a scope or cost change against a project contract, route it for approval, and post it to the budget.

Set up the project budget by cost code, track the original budget against approved changes and forecasts, and read the live budget snapshot.

Set up the owner contract, build its schedule of values, manage contract terms, and track the revised contract sum as change orders are approved.

Create commitments — subcontracts and purchase orders — against the budget, manage their lines and change orders, and track committed cost.

Receive and review vendor invoices against their commitments, match lines to subcontract or PO values, and route them for approval and payment.

Bill the owner against the prime contract schedule of values each billing period, apply retention, and produce the owner pay application.

Assemble lender draw packages from project costs, track disbursements against funding sources, and manage the draw approval cycle.

Collect conditional and unconditional lien waivers from subcontractors and suppliers tied to payments, and track which waivers are outstanding.

Read the project's financial dashboard — projected final cost, margin, cash position, and variances — to spot risk early.