Approve a Client Contract

Objective

To change the status of a client contract for a construction project to 'Approved.'

Background

After the client contract is created, you can follow the steps in Update the Schedule of Values on a Client Contract. Once the line items on the SOV are complete and the agreement between the project GC and your company is finalized, you can place the contract into the Approved status. This action allows your project team to begin creating change orders (see Create a Client Contract Change Order), GC/Client invoices (see Create an GC/Client Invoice), and payments issued (see Add a New Payment to the Payments Issued Tab of the Progress Billings Tool).  

Things to Consider

• Required User Permissions:
  • 'Admin' level permissions on the project's Client Contracts tool
• Additional Information:
  After you complete the steps below, your project team can then perform the following tasks:
  • Create a Client Contract Change Order
  • Create a GC/Client Invoice for a Client Contract
  • Create a Payment Received for a GC/Client Invoice with the Client Contracts Tool

Prerequisites

• Create a client contract. See Create Client Contracts.
• Update the client contract's Schedule of Values. See Update the Schedule of Values on a Client Contract.
• Confirm that all parties to the client contract are in agreement prior to changing its status to 'Approved.' 

Steps

1. Navigate to the project's Client Contracts tool.
2. Locate the client contract to work with. Then click its Number link. 
3. Click the Edit button.
4. Under General Information, choose Approved from the Status drop-down list.
   
   
    
5. Click Save or Save and Email.

Next Steps

• Create a Client Contract Change Order
• Create a GC/Client Invoice for a Client Contract
• Create a Payment Received for a GC/Client Invoice with the Client Contracts Tool

See Also

• Create Client Contracts