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 mainly created from the Subcontractor Agreement using the generate feature, which automatically transfers all default information from the subcontractor agreement.
Alternatively, it can also be created from the Project Costing and Purchasing module.
- Project Costing → Subcontractor Management → Payment Application Received.
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The Service tab provides a detailed breakdown of all work items or services being claimed by the subcontractor in a payment application.
Subcontractor WBS - optional Optional code to identify work as defined by the subcontractor.
Item -BOQ line service item.
Content - item reference and Description of this work or service performed.
UOM - Unit of measure.
Price - The agreed unit rate for this work item as defined in the Subcontract Agreement (SA).
Agreement - This section shows the quantities and values that were originally agreed upon in the Subcontractor Agreement (SA)
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