Cost & Payments
Know where the money is, every month.
Price the work in a bill of quantities, run the payment cycle from application to certificate, and reconcile cost against value with CVR and cash flow reporting.
The whole payment cycle
Interim payment applications, payment notices, pay less notices, interim payment certificates and invoices.
Two sides, one record
The contractor submits quantities and the client reviews them, against the same BOQ.
CVR with monthly snapshots
Forecasts, adjustments and accruals are captured, and each month’s position is kept as a snapshot.
What’s included
Modules in Cost & Payments.
Bill of Quantities
Work packages and BOQ items with revisions and Excel import and export.
Activity Schedule
Price and track work by activity alongside the BOQ.
Payment Applications
Contractors claim against the BOQ with supporting items and attachments.
Payment & Pay Less Notices
Issue payment notices and pay less notices with their line items.
Payment Certificates
Certify interim payments, including approved variations, with signatures.
CVR & Cash Flow
Cost value reconciliation, forecasting and project cash flow.
Workflow
The payment cycle
- 1
Apply
Contractor submits an interim payment application.
- 2
Review
Client reviews claimed quantities.
- 3
Notify
Issue a payment notice or pay less notice.
- 4
Certify & pay
Certify, invoice and record payment.
Who uses it
How each party works in Cost & Payments.
Clients & Developers
Certify payment
Review applications, issue notices and certify interim payments.
Learn moreContractors
Claim payment
Submit payment applications against the BOQ and track certification.
Learn moreConsultants
Report the position
CVR, cash flow and project dashboards for your client.
Learn moreSee how Projut runs your next project.
Book a walkthrough with our team, or create your organisation and start setting up your first project today.