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Procore

Funding

 Limited Release
flag-us.png The Funding tool is available as a limited release for Procore customers in the United States who have implemented the Procore for Owners point-of-view dictionary. To learn more, see What tool names and terms are different in Procore for general contractors, owners, and specialty contractors?

The Funding Contracts tool in Procore allows you to easily create and manage a contract with an upstream client, and keep track of all change orders and related items.

  • Create a funding contract that includes a comprehensive schedule of values and manage contract access permissions.
  • Import a schedule of values from CSV or add line items manually by cost code
  • Email completed contracts to key stakeholders and change the contract status when approved
  • Manage the Funding Contract Change Order (FCO) process and approval workflow. 

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Configuration Tasks
Integrations
       Tip

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      Set up a Funding Source - Owner
       
      Create Schedule of Values for a Funding Source - Owner
       

       

      Create a Record for a Payment Received
      Create a Record for a...

       

      END
      END

       

       

      Configure Settings: Funding
      Configure Settings: Fu...

       

      START
      START

       

      Create Fundings
      Create Fundings

       

      Edit the Advanced Settings on a Funding
      Edit the Advanced Sett...

       

      Add Line Items to the SOV
      Add Line Items to the...

       

      Create the SOV from the Project's Budget
      Create the SOV from th...

       

      Import the SOV from a CSV File
      Import the SOV from a...
      Update the Schedule of Values on a Funding
      Update the Schedule of Values on a Funding

       

      Email a Funding
      Email a Funding

       

      Create a Funding Invoice
      Create a Funding Invoi...

       

      Email a Funding Invoice
      Email a Funding Invoic...
      Approve a Funding
      Approve a Funding

       

      Create a Funding Change Order
      Create a Funding Chang...
      Change Order
      Change Order
      Invoice
      Invoice
      Create a change order or an invoice?
      Create a change order or an invoice?
      Have you received payment from the funding source?
      Have you received payment from the f...

       

      Approve or Reject Funding Change Orders
      Approve or Reject Fund...
      LEGEND
      LEGEND
      Project Manger/Owner
      Project Manger/Owner
      Funding Source
      Funding Source
      Funding 'Admin'
      Funding 'Admin'
      Funding Tool
      Funding Tool
      Change Orders Tool
      Change Orders Tool

      Funding

      The following table highlights which user permissions are required to perform the described user action.

      icon-mindtouch-table-check.png+ : Indicates that one or more granular permissions are available for the task. See the relevant tutorial or Grant Granular Permissions in a Project Permissions Template for more information.

      Task None Read Only Standard Admin
      Add a Related Item to a Funding Change Order       icon-mindtouch-table-check.png
      Add Filters to the Change Orders Tab on a Funding   icon-mindtouch-table-check.png icon-mindtouch-table-check.png icon-mindtouch-table-check.png
      Add Financial Markup to Funding Change Orders       icon-mindtouch-table-check.png
      Add Line Items to a Schedule of Values on a Funding       icon-mindtouch-table-check.png
      Approve a Funding       icon-mindtouch-table-check.png
      Configure Settings: Funding       icon-mindtouch-table-check.png
      Configure the Number of Change Order Tiers for the Funding Tool       icon-mindtouch-table-check.png
      Create a Change Order Request for a Funding       icon-mindtouch-table-check.png
      Create a Commitment Change Order from a Funding Change Order       icon-mindtouch-table-check.png
      Create a Configurable PDF of a Funding Invoice       icon-mindtouch-table-check.png
      Create a Funding Change Order       icon-mindtouch-table-check.png
      Create a Funding Invoice       icon-mindtouch-table-check.png
      Create a Payment Received       icon-mindtouch-table-check.png
      Create a Potential Change Order for a Funding 1     icon-mindtouch-table-check.png icon-mindtouch-table-check.png
      Create a Potential Change Order with DocuSign®       icon-mindtouch-table-check.png
      Create a Schedule of Values on a Funding using the Project's Budget       icon-mindtouch-table-check.png
      Create Fundings   icon-mindtouch-table-check.png+ icon-mindtouch-table-check.png+ icon-mindtouch-table-check.png
      Delete a Funding   icon-mindtouch-table-check.png+ icon-mindtouch-table-check.png+ icon-mindtouch-table-check.png
      Delete a Funding Change Order       icon-mindtouch-table-check.png
      Edit a Commitment Change Order Linked to a Potential Change Order for a Funding       icon-mindtouch-table-check.png
      Edit a Funding   icon-mindtouch-table-check.png+ icon-mindtouch-table-check.png+ icon-mindtouch-table-check.png
      Edit the Advanced Settings on a Funding       icon-mindtouch-table-check.png
      Edit an Owner Invoice's Configurable PDF View       icon-mindtouch-table-check.png
      Email a Funding     icon-mindtouch-table-check.png icon-mindtouch-table-check.png
      Email a Funding Invoice       icon-mindtouch-table-check.png
      Email a Potential Change Order for a Funding       icon-mindtouch-table-check.png
      Enable Financial Markup on a Funding       icon-mindtouch-table-check.png
      Export a Configurable PDF of an Owner Invoice       icon-mindtouch-table-check.png
      Export a Funding 3   icon-mindtouch-table-check.png icon-mindtouch-table-check.png icon-mindtouch-table-check.png
      Export a Funding Invoice       icon-mindtouch-table-check.png
      Export a Funding List   icon-mindtouch-table-check.png icon-mindtouch-table-check.png icon-mindtouch-table-check.png
      Import a Funding Schedule of Values from a CSV File       icon-mindtouch-table-check.png
      Manage Rows & Columns in the Funding Tool   icon-mindtouch-table-check.png icon-mindtouch-table-check.png icon-mindtouch-table-check.png
      Remove a Potential Change Order or Change Order Request       icon-mindtouch-table-check.png
      Remove a Change Order from a Funding       icon-mindtouch-table-check.png
      Search for and Apply Filters to the Funding Tool   icon-mindtouch-table-check.png icon-mindtouch-table-check.png icon-mindtouch-table-check.png
      Set or Release Retainage on a Funding Invoice       icon-mindtouch-table-check.png
      Update the Schedule of Values on a Funding       icon-mindtouch-table-check.png
      View Fundings 2   icon-mindtouch-table-check.png icon-mindtouch-table-check.png icon-mindtouch-table-check.png
      View the Change History of a Funding       icon-mindtouch-table-check.png

      1 Users with 'Standard' level permissions can only create a Funding Change Order (FCO) if the 'Allow Standard Level Users to Create FCOs' checkbox is enabled in the Configure Settings page. For more information, see Configure Settings: Funding.

      2 Users with 'Read Only' and 'Standard' level permissions can only view a funding that is private if they have been added to the 'Private' drop-down list on the funding.

      3 Users with 'Read Only' or 'Standard' level permissions can only export to the PDF file format. Users with 'Admin' level permissions can export to both DOCX and PDF. 

      Below are the notable changes to the project's Prime Contracts tool (also known as the Funding tool or the Client Contracts tool in some accounts). 

      Recent Changes

      improved navigation for schedule of values (04/19/2024)

      When modifying a cell in the Schedule of Values table, users can now input content and easily move to the next cell after completing updates. 

      Owner Invoices added to Workflows Open Beta (03/13/2024)

      Owner Invoices has been added to the list of tools supported by the self-serve workflows open beta. See Best Practices for Creating an Owner Invoice Workflow.

      Custom Fields now visible in Prime Contract List view (01/05/2023) 

      Users can now see custom fields within the prime contract list view table. Users can now view, filter, and sort by custom fields in the list view.