Calculating Payment Due Dates

As a General Contractor Project Manager, you can calculate the date Subcontractors must be paid. The Calculate Payment Due Date setting displays under the GC Project Information section of the Project Settings page.

Navigate to the Project Settings Page
- Once the Owner Project Participants page is completed, the system displays the Project Settings page.
- After creating a project, choose Project Settings under the Project Setup menu at the top of any page.
From the Project Settings page, select the Payment Due Date (PDD) check box.
From the Payment Due Date drop-down, choose a default trigger to calculate the date payments should be disbursed to Subcontractors:
- Draw Due Date—The date Subcontractor invoices are due.
- Draw End Date—The bill-through date for all invoiced amounts in the draw.
- First Day of Month after Draw End Date—The first day of the month following the end of a draw.
- GC Invoice Approval Date—The date an on-system Owner approves a General Contractor invoice. This option is only available when the project is linked to an on-system Owner.
- Invoice Submitted Date—The date a Subcontractor submitted an invoice.
- Owner Funding Date—The date an Owner's payment is received. This option is only available if a project uses the Track Owner Funding project setting. See Configuring Owner Funding Settings for information about Owner Funding on the system.
- Subcontract Invoice Approval Date—The date the General Contractor approves a Subcontractor invoice.
On the Offset Days (+) field, enter the number of days allowed between the selected trigger and the date Subcontractor payments are due. For example: If a Subcontractor must be paid within 45 calendar days from the Draw End Date, enter 45 in the Offset Days (+) field.
Select the Allow Payment Due Date Overrides setting, located under the Select a PDD drop-down, to enable users to change the date a Subcontractor payment is due.
See Enabling the Overriding Payment Due Date Feature for more information on how to use this setting.
Choose Save Changes. A Status page confirms the project settings have been updated.

Tips

If the Project Manager changes the Payment Due Date or Offset Days after setting up the project, existing subcontracts will not adopt these changes. To adopt these changes for an existing subcontract, use the Contract Maintenance page, which includes Payment Due Date settings.You can also use the Contract Maintenance page to create custom PDD rules for a subcontract. For example: If the type of work performed by a Subcontractor requires a payment sooner than the date specified on the Project Settings page, you might create a custom PDD rule for that contract.
If the project includes discount terms, consider coordinating the Payment Due Date with the terms of the discount.
Textura Payment Accelerator (TPA) Participation

The system automatically turns off the Calculate Payment Due Date setting for a subcontract when a Subcontractor accepts TPA enrollment for the first time. If the contract should still calculate a Payment Due Date, manually set up a Payment Due Date on the Contract Maintenance page.

Next: Enabling the Overriding Payment Due Date Feature