The Payment Application Received document is used to record a subcontractor’s claimed amount for work performed under a Subcontractor Agreement (SA). It provides the basis for certifying the value of work completed and, when configured, for recognizing related expenses in the financial accounts.
How to Create
The Payment Application Received document is generated from the Subcontractor Agreement.
- Project Costing → Subcontractor Management → Payment Application Received.
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Lists work items or services being claimed. Each line reflects part of the subcontractor’s work scope as defined in the SA.
Subcontractor WBS - Related project WBS code for cost tracking optional code to identify work as defined by the subcontractor.
Item / Content - item reference and Description of this work or service performed.
UOM - Unit of measure.
Price - Agreed unit rate from the SA.
Agreement Qty / Amount - Quantity and value based on linked Subcontractor Agreement.
Payment Application (Qty / Amount / %) - Quantities or values being claimed in this application.
Payment Application Previous / Cumulative % - Progress history based on earlier applications.
Quantity-Units of work being billed
Amount- Gross value of work before retention and VAT.
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