Your building Partner might give you access to the progress payment sub-tab. This is simply a reflection of your contract agreement, with a record of any additional non-contract charges and if applicable variations. It provides a very clear list of what is expected to be invoiced, what has ben invoiced and whats yet to be invoiced.
Scrolling down this page, we can see it is broken down into a number of sections:
- Non-contract items - that is, anything outside of your initial build contract agreement, i.e. unexpected engineering fees, etc
- Deposit i.e. a drawings deposit or unconditional/contract signing deposit - depending on how your agreement is laid out, this may appear in the payment schedule instead
- Other items - PC Sums, Prime Sums, Allowances, etc
- Payment Schedule - Stage claim items or charge-up lines
- Variations - if any
Each line item has:
- The description of the payment line, the date created, and status i.e. to be invoiced
- Any invoices charged out for this line, the date invoiced
- The total to be invoiced, what's been invoiced to date, and the balance still to be invoiced
To the bottom right of this page we display:
- The Total Project Value - the total value to be invoiced including any variations loaded so far
- The Signed Contract Value
- A break down of each payment section
You have the ability to print a receipt of any of the payments that have been made, print this entire page as a summary of the payments required, and payments made to date as proof of funds required.
Note: All figures on this page include GST
