Overview
INGENIOUS.BUILD simplifies and streamlines the execution of Guaranteed Maximum Price (GMP) contracts, providing you with a seamless, step-by-step process to manage your contract execution with precision and ease. Our platform guides you through each stage, ensuring that you have complete visibility and control over your contract details, amendments, and invoices.
Process
Final Amendment Execution
1. If you want to initiate the execution of a GMP original contract, you must first execute the final amendment.
2. Once the final amendment has been executed, navigate back to the contract. Observe that the contract is now marked as executed.
Review Processed Amendments and Invoices
1. You can review invoices under Contract & Invoices Overview.
Amendment documents can also be found under Contract Documents.
Complete Approval Steps
Your contract is now executed. The next step is to Approve SoV / WBS.
Understanding Contract Summaries
In the Contract Summary tab, you can access important information related to the contract like the Contract Value, Vendor, Contract Holder, Contract Status, SoV / WBS Status, and Ball in Court.
Understanding Contract & Invoices Overview
In the Contract & Invoices Overview, you can access important information related to the contract execution. Here's what you can find:
Adjusted Contract ($)
Adjusted Contract (%)
Anticipated Contract Value
Congratulations! You have successfully executed a GMP original contract using INGENIOUS.BUILD. This provides a user-friendly, organized approach to ensure all amendments, approvals, and financial details are handled seamlessly.