You can create payment requisitions for all contracts and purchase orders. Depending on your role, you may issue payment requests as well as receive payment requests. For example, if you are a general contractor, you receive requisitions from subcontractors and you issue requisitions to the owner. You can distribute requisition amounts to the Cost Worksheet Log Window’s Actuals Issued or Actuals Received column and then compare the actual costs to the budgeted or committed costs for various work items.
To locate and organize your requisitions, use Find, Sort, Filter, or Group.
To link an existing requisition, contract, or purchase order to an issue, click the Issues tab on the Requisition Document Window. When you generate a requisition, Contract Management enables you to link issues from the linked requisition. This helps you track the information in both documents.
You can use custom fields to provide additional information about each schedule of values line item. Custom fields represent categories of information such as project phase or responsible manager, or provide additional date, cost, or quantity information about an item.
