Sub-Tier Subcontract Settings Fields Overview

Reassign Organization

Allows the user to reassign the contract to a different organization. The Reassign Organization button only appears on complete, unaccepted contracts.

See Reassigning Sub-Tier Subcontracts for more information.

Contract Description

Enter a description for the subcontract.

Default Retention %

Update the retention rate. This field defaults contract retention to the rate selected by the General Contractor. If a contract uses a different rate, enter the correct rate.

Subcontractor cannot modify retention

Select this setting to prevent Sub-Tiers from changing the retention held.

Caution: These settings are influenced by the General Contractor's selected project settings.

Contact Oracle Support to use any of these settings on a Sub-Tier Subcontract.

Vendor ID

A unique number that identifies the contractor

Default Payment Form

The way a Sub-Tier will be paid. Select ACH (Automated Clearing House) or manual check. Note that the General Contractor can override the form of payment when disbursing funds.

Open Book

Allows Above the Line (ATL) project participants to view details of the subcontract.

Contract Date

Date the contract takes effect (defaults to the current day).

Use Specified Billing

Indicates that an invoice is managed by the parent organization. This setting allows you to enter an invoice on behalf of a Sub-Tier.

Sub SOV Option

Select how the Sub-Tier organization will manage their Schedule of Values (SoV).

None: This is the default setting. Sub-Tiers control their own SoV breakdown.
Review SoV: This setting means the system notifies the Prime Subcontractor any time the Sub-Tier changes the SoV.
Specified SoV: This setting allows you to control the Sub-Tier Subcontractor's SoV. This will not give you control of the SoV for any of the Suppliers or Subcontractors working for the Sub-Tier.

Discount Terms

Indicates cash discount settings.

Invoice Approval Method

Choose how Invoice Approvers will approve submitted Sub-Tier invoices.

Standard Invoice Approval: Any Invoice Approver can approve invoices.
Parallel Signatory Approval: Multiple Invoice Approvers must approve each invoice.
Serial Signatory Approval: Multiple users must approve in a specified order.

Subcontractor cannot modify retention

Defaults to the value selected by the General Contractor. Consider using the Subcontractor cannot modify retention setting. This setting prevents Sub-Tiers from changing the retention held.

Bonding Institution

The institution providing the bond.

Bond Amount

The amount of the bond.

Expiry Date

The bond expiration date

Prior Off-System Draw/Payment Information

Contact Textura for help with these settings.

Number of Manual Draws Submitted Outside of Textura
Number of Draws Paid Outside of Textura
Most Recent GC Draw Number Paid
Period End Date.

Next: Creating Sub-Tier/Supplier Subcontracts