Updating a Budget
Your budget is called your Work Breakdown (WB) on Textura Payment Management and reflects a list of works your organisation will complete for a contract. In instances where the Head Contractor does not use the Specified WB setting, you will need to record your own budget.
If your organisation has the ability to edit and itemise your budget, users assigned the Project Manager role will see a Budget task on the Project Home page after accepting a contract. Selecting the Edit Budget task from the Project Home page opens the Edit Work Breakdown page.
FAQs
How should I fill out my Work Breakdown?
The system originally displays the Work Breakdown (WB) as one line item on the Edit Work Breakdown page. If your Head Contractor does not use Specified WB and wants to see a detailed budget, break out your WB.
You will use the Edit WB tab to allocate your funds to multiple line items.
My Work Breakdown is out of balance. What do I do?
If the Work Breakdown (WB) is out of balance, it means your Working Totals and Totals values do not match. There are two reasons why an WB may become out of balance.
There are Budgeting Errors
Navigate to the Edit Work Breakdown page. Make corrections to the red fields and save the page. When the WB is in balance, the Working Totals and Totals amounts will both display in black.
If you cannot edit your Work Breakdown, but you do have the Project Manager role, the Head Contractor is using the Specified WB contract setting and enters budget information on your behalf. Contact your Head Contractor if you need them to update your budget.
See Edit WB Tab of Subcontractor Work Breakdown.
Variations Need Allocating
Select the Required: Edit Variations link on the Project Home page to navigate to the Allocate Variations page. Enter the variation value in the Allocate column.
Variations must be entered one at a time. You must allocate the first variation and save before the system prompts you with the next one.
Why does my Work Breakdown have multiple tables?
If your subcontract includes multiple components (sections of work), the Work Breakdown (WB) will show separate tables for each component in your contract on the Edit Work Breakdown page.
You can edit each table as you would normally edit a line item, but the sum of the lines in each component must always equal the amounts in the Totals line.
Most Subcontractors will only see a single table on their Edit Work Breakdown page.
Additional Resources
- In-App Help: In the application, select the ? > Help for this Page link in the top right corner of your page. The Help topics presented are context sensitive to the page you have open in TPM.
- Documentation Library
- Support
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Last Published Wednesday, July 10, 2024