Configuring Owner Funding Settings

As a General Contractor, use Track Owner Funding to record when an Owner funds each draw. This helps your project team see whether funding has been received and when it was received, reducing the need to track this information separately outside Textura.

You can also use the Owner Funding Date as the trigger for automatically calculating Subcontractor payment due dates. Together, these settings help your team track funding received and understand when Subcontractor payments are expected throughout the project.

Set up the project.
1. 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.
2. From the Project Settings page, select the Track Owner Funding setting under the General Information section.
  The Owner Funding section will display on the Draw Home page.
(Optional) Select the Payment Due Date setting to generate the date payments should be disbursed to Subcontractors after the Owner funds a draw.
See Calculating Payment Due Dates for more information on this feature.

Tip

Include an Owner Funding Manager

The Track Owner Funding Date setting requires a project to include an Owner Funding Manager. The Owner Funding Manager role can only be assigned to users with the Manage Owner Funding permission. Users with the Manage Owner Funding permission can only apply payments to projects where they are assigned the Owner Funding Manager role.

Next Topic: Viewing Owner Funding