Subcontractor Contract & Progress Settlement

Prepare subcontractor settlements from measured progress and agreed contract terms. This application is designed to explain gross entitlement, deductions and advance offsets before establishing the remaining amount payable.

Best suited to

Contractors reviewing subcontractor progress accounts.

What you can manage

• Record the subcontract terms relevant to settlement.
• Maintain quantities or progress measurements supplied for review.
• Prepare progress entitlement calculations from the entered basis.
• Apply reviewed deductions and advance payment offsets.
• Reconcile the subcontractor amount still outstanding.

A practical workflow

Check the reported progress against the subcontract agreement and supporting evidence. Review the entitlement, deductions and previous advances separately, then prepare the net settlement and remaining account position.

Why this workflow matters

Project finance is more informative when actual costs and remaining commitments are considered together. Connecting the financial inputs to the underlying work helps the project team explain the current position, distinguish recorded expenditure from planned obligations and make more focused decisions about the next stage of delivery.

Working with your records

Use the agreed project or engagement scope and confirm that recorded activity belongs to the same review period. Check the treatment of changes, allocations and remaining commitments before relying on the result. Forecast costs and margins depend on supplied assumptions and should be revisited as delivery conditions or commercial terms change.

Licence

12-month software licence purchased with a one-time payment. The purchase covers the stated licence term and does not create an automatically renewing subscription.