Overview
Efficiently track and manage your project budget by easily viewing and understanding GMP Amendment changes using our intuitive platform. Stay ahead of potential budget changes with clear visibility into pending and executed adjustments, ensuring your project is always aligned with the latest financial data.
Process
Locate the Cost Code
Locate the cost code associated with the pending GMP Amendment.
In this example, the cost code associated with the pending GMP Amendment is 02.20 Architect:
In the budget, locate cost code 02.20 Architect.
Project Budget Navigation
Once you've identified the relevant cost code, you will see various columns providing financial information.
Column F (Original Contract and Non-Contracted Invoices): In this column, you can find the original contract amount. For example, it may display an amount like $229,350.00, representing the initial contract value.
Column J (Pending Change Orders): This column shows any pending contract changes related to the GMP Amendment. For instance, it might display $5,000, indicating the pending changes to the contract.
Column G (Executed Change Orders): This column shows the executed contract change related to the GMP Amendment.
Column H (Total Committed Cost) H = F + G: This column shows the original contract amount plus the executed change order.
Amendment Status
While the GMP Amendment is in pending status, the pending contract changes will be reflected in Column J.
Once the amendment is executed and approved, the relevant changes will be moved to Column H, representing the new contract value.
Accessing Amendments and Contracts
To explore further details or documentation related to the amendment or contracts, you can use hyperlinks that redirect you to the feature page.
These hyperlinks are designed for easy access to additional information and supporting documents.
By using INGENIOUS.BUILD, you can ensure your project stays on budget and runs smoothly, with complete control over financial updates and project changes at every step.