Search only in titles

---

Choose How to Calculate Payment Due Dates

General Contractors can now use a standalone setting, the Payment Due Date (PDD), to calculate when Subcontractors should receive payments. General Contractors can choose to calculate dates based on owner funding, draw, or invoice submission dates. Payment Due Dates can be generally selected for a project and customized for individual contracts.

This feature replaces Pay When Paid functionality and separates it from the Track Owner Funding Date setting to offer General Contractors more flexibility. Projects that previously used these settings now show a Payment Due Date field with the Owner Funding Date trigger. The Grace Period (days) are pulled from the old Pay within ___ calendar Days of Owner Funding Date field.

Highlights

• Select from a variety of triggers for a Payment Due Date:
  • Draw Due Date
  • Draw End Date
  • First of Month after Draw End Date
  • Invoice Submitted Date
  • Owner Funding Date.
• Set a Grace Period for the Payment Due Date, within which the Subcontractor should be paid.
• Change the Payment Due Date on individual subcontracts.

  Note: Custom Payment Due Dates on a contract replace the general PDD settings selected for a project.

• View Payment Due Date information on the Authorize Payment, Subcontract Status, and Manage Draw Payments screens.

For more information, see the Track Owner Funding and Calculate Payment Due Dates help topics.

---

Last Published Wednesday, August 7, 2024