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As a result of Supplier Tendering, a selected supplier from the tender comparison is finalized as a subcontractor.
Main Tab
Company- The subcontractor executing the work.
Contract-Main project or contract to which the subcontractor's work relates. The contract must be marked as Subcontractor.
VAT and Retention settings from the contract will be automatically applied to the Subcontractor Agreement.
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Type-Defines document purpose:
Initial-Original agreement.
Revision-Updated version of the agreement before execution.
Variation-Additional scope or changes to the approved agreement.
Project-Links subcontracted work to a specific project.
Apply Retention-Activates retention logic as per contractual terms.
Calculation of VAT at Retention Invoice-Ensures VAT is applied at the time of retention release.
Recognize expenses in Payment Application received-If enabled, expenses are recorded when the subcontractor submits a payment claim rather than at Payment Application, instead of at the invoice stage.
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In this case, the system posts:
Dr Expense – Cr Unbilled Purchase,
and when the invoice is received, the Unbilled Purchase is closed to Payables.
If this option is not enabled, expenses are recognized upon Invoice Received by default.Delivery / Planned Start / Finish Dates-Define execution timeline.
Basis-Reference for scope or cost basis.
Comments-Internal remarks or notes.
Inventory and Services Tab
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Add / Pick / Pick by Project Budget-Import items directly from the project BOQ.
Purchasing Prices-Pull prices from historical purchase data for reference.
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