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At the bottom of the Project Structure tab, a financial summary section provides a quick view of all key billing values for the current period.
- Estimate Qty & Amount – The original planned quantity and value from the contract or BOQ, used as the baseline.
- Progress Report Qty & % – The completed work so far, shown as quantity or %, based on the latest progress report (can be negative if reversed).
- Payment Application Qty & Amount – The portion of progress being claimed for payment in this application may differ from the actual progress.
- Payment Certificate Qty & Amount – The approved amount from the client or consultant after reviewing the payment application.
- Invoiced Qty & Amount – The value already invoiced, typically matching the certified amount unless split or deferred.
Deduction tab
The Deductions tab is used to apply reductions like penalties or back charges before calculating the net payable amount.
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