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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 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 - A formal amendment to the original subcontractor agreement, reflecting changes in project scope, contract value, or deliverables after 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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