Creating Payment ApplicationsWorkflows & RevisionsExporting to ExcelSide Panel DetailsVideoNote: You don’t need to have a PCO or CO available to generate a Payment Application.
Contract
Select from a list of available Contracts
Subject
Payment period from
Payment period to
Description
Attachments
Select Continue.
Retainage held
Calculate and enter the Retainage help, as set up initially in the Contract (e.g., 5%).
This can be less and more, based on specific conditions subjected to approval
Retainage released
Amount that is being released from the Retainage; Would be subtracted from the Retainage held
Original contract
Original Amount and Duration as specified in the Contract
Approved changes
Changed Amount and Duration that were approved through COs
Contract thru last
Total Amount and Duration that have been approved up to the last load date
Payment progress as of ‘date’
Paid thru last
Total Amount and % approved uptill the previous Pay App period; can be accessed in chronological order
Retainage held thru last
Total Retainage Amount and % held up till the previously approved Pay App; can be accessed in chronological order
Retainage released thru last
Total Retainage Amount and % released up till the previously approved Pay App; can be accessed in chronological order
On clicking Contract #, a side panel will pop out from the right, that gives an overview of the Contract that the PCO is assigned to.