Contracts

Release 24.2

Grant Subcontractors the Ability to Overbill Contract Value

 General Contractor

General contractors can now allow subcontractors to overbill, and invoice for more than the contract value. Overbilling must be enabled at the organization level, then project, before it can be turned on for a contract. A project setting also allows overbilling on new contracts by default.

Note: Prior to enabling this feature please verify that your ERP is able to accept invoices for amounts greater then the remaining contract balance. Not all integrations support this, and can result in the failure of invoices to successfully post. If you have additional questions about this feature please reach out to your Oracle Textura support representative.

A screenshot of the Create Subcontract page. A new checkbox is present for Allow contract to be overbilled

Last Published Wednesday, September 4, 2024