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Procore

(Beta) Approve Fundings

 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?

Objective

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

Background

After creating a funding and updating its Schedule of Value (SOV) line items, the agreement between the funding source and your company can be finalized. To do this, place it into the Approved status. Your team can now begin creating the following items: Create a Funding Change OrderCreate a Funding Invoice, and Create a Payment Received

Things to Consider

  • Required User Permissions:
    • 'Admin' level permissions on the project's Funding tool

Steps

  1. Navigate to the project's Funding tool.
  2. Locate the funding to work with. Then click its Number link. 
  3. Click the Edit Contract button.
  4. Under General Information, choose Approved from the Status drop-down list.
    prime-contract-status-approved.png
  5. Click Save.

See Also