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Project - Identifies the project under which the subcontract is executed.
Subcontractor - Specifies the contractor responsible for executing the work.
Contract - Defines the category or nature of the subcontract (e.g., Civil Works, MEP, Supply, or Service).
- Subcontractor agreement- Refers to the formal document-agreement with the subcontractor.
- Subcontractors WBS- Work Breakdown Structure assigned to the subcontractor.
Qty - Quantity of work or material defined in the agreement.
Amount (Cur) - Gross contractual value before applying any deductions.
Discount Amount (Cur) - Commercial discount, if any, agreed on the gross amount.
- Payment Application-
Quantity -Quantity of work claimed in this payment period
Amount (Cur) - Value after applying discount; used as the base for VAT and retention.
VAT (Cur) - Value-added tax calculated on the net amount.
Retention (Cur) - Portion of the net amount withheld as a performance or quality guarantee.
Retention VAT (Cur) - VAT amount applicable to the retained portion.
Progress % - Percentage of work completed for each line item, based on certified quantities.
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