Contract Status for Owners
The Contract Status page shows the details of a single contract. Contract Status pages are also displayed for both General Contractors and Subcontractors.
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Summary Section
Organization
Displays the General Contractor or Subcontractor's name and acts as an organization lookup. To look up an organization, enter its name to look up contracts with that organization. You can use this field to select another General Contractor or Subcontractor. When entering an organization's name, the auto-complete feature will list matching on-system organizations. Selecting an organization will populate the project drop-down.
Project
This drop-down field displays the project name. You can use this field to select another contract with this organization.
Below the project, a message will display the draw context.
Location
The location and phone number of the organization
Contract
The contract number and description of the contract
Vendor ID
A number assigned in an accounting package to identify the organization
Contract Comment
An optional comment included as a message on the contract. This is a view only field, you can edit this comment on either the Contract Maintenance, Edit Payment Status, or Owner Funding Entry page.
Discount Terms
Cash discount settings include the discount rate (%), number of days the contract must meet to trigger the discount, and the trigger date
Summary Amounts
Contract Amount
- Original—The amount of the original contract
- Change Orders—Change orders that alter contract amount
- Adjusted—The contract amount including change order adjustments
Approved Invoices
- Gross—The total amount for approved invoices
- Retention Held—The amount held from approved invoices
- Net—The amount for approved invoices after the retention is held
Payments
- Latest Date—Last date the organization was paid
- Current Payable—The amount currently due to the organization
- Total Payments—The total amount paid to the organization, including current payments
Items not Exported
- Approved Invoices—Total value of invoices
- Payments—Total amount paid
Pending and Paid Draw Tables
Draw
- Pending Draw—Lists the pending draw. Choose the draw number to see the Draw Home page.
- Paid Draw—Lists the most recent draw.
Period To Date
The end date for the draw.
Method
The payment method (ACH, Manual Check, etc.)
Gross Invoice
The total amount the organization billed.
Retention
Retention held against the invoice.
Net Invoice
The total invoice minus the retention.
Tax
Tax held against an invoice.
Payment
- Pending Pmt—Amount of payment pending.
- Payments—Entire payment for the paid draw.
- Total Pending—Entire amount for payment pending.
- Paid To Date—Amount of payment already made for the draw.
- Payment Due Date—Date payment is due based on project settings.
Note: The Payment Due Date column will remain empty unless a project and contract uses the Calculate Payment Due Dates setting. See topicCalculating Payment Due Dates.
- Date Paid—Date payment was received by the organization
Status
Payment status; choose the Manage link to view the Edit Payment Status page.
Comments
Displays draw comments associated with the selected draw. Displays the holds which are active on this invoice.
Documents
Documents included in the draw are listed: Invoice, Lien Waiver, Sworn Statement, and View Uploaded Files.
Contracts with Textura Payment Accelerator (TPA) Programs
The Contract Status page shows TPA in the Method column. It also includes a Funded column. It reflects that a Subcontractor participates in the TPA.
Method
Displays TPA.
Funded
Shows the amount paid to the Subcontractor once the invoice is funded.
Funded Date (part of the expanded view)
Displays the effective date of funding (the date the Subcontractor was paid).
Note: The Lien Waiver signature is released after the Subcontractor receives payment.
Status
The Status column will include more statuses for TPA projects.
Status | Before Disbursement | After Disbursement | After an Invoice is Funded | After Maturity |
|---|---|---|---|---|
Awaiting, Received, Rejected, or Approved | Funding | Funded | Paid |
See Manage Textura Payment Accelerator Programs or Contact your Textura implementation team to learn more about Textura Payment Accelerator Programs.
Expanded View
If the Expanded View option is selected, the Draw section will include:
Invoice
The number entered by the user entering an invoice.
Check
The check number (for manual payments).
Date Paid
The date the organization is paid.
Invoice Export
Date the invoice was exported to the accounting system.
Payment Export
Date the payment was exported to the accounting system.
Paid Draw
Includes all draws the organization previously participated in for the project.
Change Orders Table
Change Orders
Change order number.
Date Entered
Date the change order was added to the project.
Change Order Date
Date for accounting purposes.
Draw
Draw the change order affects.
Title
Name of the change order.
Description
Change order description.
Amount
Amount changing the project.
Total COs to Date
The amount of all change orders to date.
Adj. Contract
The contract total including change orders.
Contacts Table
Contacts
User's name.
Title
User's company title.
Roles
User's role on the system.
User's email address for the system.
Phone/Fax/Mobile
User's contact numbers.
Last Published Wednesday, July 10, 2024