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Requisition - An Internal document used to initiate the process of engaging a subcontractor.
Subcontractor Agreement - It is an internal document that defines and manages the portion of the project BOQ
Subcontractor Agreement Revision - Update to an existing agreement, such as modified rates or terms, without changing subcontractor agreement before the subcontractor’s work begins. Typical updates include modified rates, revised terms, or changes to the scope of work.
Subcontractor Agreement Variation - Formal A formal amendment to the original subcontractor agreement, reflecting changes in project scope, contract value, or deliverablesafter the work has commenced.
Advance Payment - Optional upfront amount paid to the subcontractor as per the agreement terms. Adjustment where advance payments are deducted from the total invoice amount.
Payment Application (Incoming) - Claim submitted by the subcontractor for work completed.
Payment Certificate (Outgoing) - Document issued by the internal team confirming and certifying the approved payment amount.
Invoice Received - Invoice provided by the subcontractor based on the certified payment.
Debit Note - Issued to correct overpayments or to record penalties and financial deductions.
Retention Claim Invoice Received - Final invoice raised for the retained amount after project completion or defect liability period.
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