Period Settings

Publish period schedule to owner

Enable Owners to see the period schedule.

Publish period schedule to subcontractors

Enable Subcontractors to see the period schedule.

Disable Main Contractor's ability to reopen periods after owner approval

Select this setting to disallow Main Contractors to reopen a period after you complete the approval process.

Notify subcontractor upon payment application approval

Choose this setting to automatically email Subcontractors when their payment applications are approved.

Send payment application approval notification to additional email address

This setting is displayed on when the Notify subcontractor upon payment application approval setting is selected. Choose this setting to if you want a copy of the payment application approval notification to be sent to users in the Main Contractor organisation. You can enter up to five email addresses with each address separated by a comma.

Allow payment application rejection reasons and WB modification responses

Choose this setting to include custom payment application rejection text for payment application Approvers to use on the project. Choose the Manage payment application rejection reasons and WB modification responses link to select or create custom payment application rejection reasons. See topic Customising Project Level Payment Application Rejection Text for steps to set up custom rejection text and good faith statements.

Require serial approval signatures on Owner payment application

Choose this setting to allow multiple Owner Approvers to approve the Main Contractor payment applications.

Require serial approval signatures on payment application

Choose this setting to require multiple Approver signatures on payment applications.

Enter new payment applications as whole values

Choose this setting to automatically round payment application and retention held amounts to the nearest value. Do not use pennies when entering contracts or variations if you choose this setting.

Enable disbursement authorisation for subcontractor payments

Choose this setting to:

Create an Authoriser role to authorise each Subcontractor payment
Require the Authoriser's approval prior to disbursement.

Contact your Textura implementation team if you think you need to use this setting.

Include all VAT Invoice only and manual sub-tiers in draw if their on-system parent is included in a period

This setting is selected by default. When selected, TPM will automatically add all VAT Invoice Only (VAT Sub) and manual (Manual Sub) Sub-tiers in a period when their parent, usually a Prime Subcontractor, is added to a billing period. When a VAT or Manual Sub are included in a period, their unconditional and conditional VAT invoices are tracked based on your document selections and VAT invoice tracking settings. A missing VAT invoice may result in a payment hold for the parent organisation.

Only allow authorisation of payment applications which are eligible for disbursement

Selected by default, this setting prevents authorisation for Subcontractors with payments on hold or payments with unsigned VAT Invoices.

Allow setting of component type

Choose this setting to allow Main Contractors to specify how labor or stored materials can be budgeted and billed.

Default Discount Terms

This setting is available if variable discount rates are allowed. A Textura Administrator must Allow Variable Discount Rate on the My Organisation Settings page for you to see this setting. Contact your Textura implementation team if you think you need to use this setting.

Fixed Rate—Choose this setting to use a discount rate for subcontracts.
Note: Once a subcontract is accepted, a fixed discount rate cannot be changed. If a discount is taken outside of terms, the Subcontractor must approve the discount.
Variable Rate—Choose this setting to allow a fixed discount rate or variable discount rate for subcontracts.
A variable discount rate can be adjusted even after the subcontract is accepted.

Use CCIP labels for Variable Discounts on project

This field is displayed only if the Default Discount Terms is set to Variable Rate. When selected, CCIP labels and terms are used across the application for displaying variable discounts. In addition, on the Contract Maintenance page, the Discount Terms field will display the following options: CCIP Discount (default selected) and No Discount.

When left unselected, CCIP labels and terms are not used and the Discount Terms field on the Contract Maintenance page displays the following options: Fixed Discount, Variable Discount (default selected), and No Discount.

Allow out of Order Disbursements tick box

Choose this setting to disburse payments for a future period before paying out prior periods.

Caution: An organisation can select the Allow Out of Order Disbursements organisational setting on the My Organisation Settings page to default all projects to allow out of order disbursement

Contact your Textura implementation team to determine which feature will work best.

Next: Retention Settings