CM401 - Overbilled Contract Tracking Hold

Cause

Textura places a hold on a payment because a Subcontractor's Billed to Date Amount exceeds their current contract value on a project using the General Contractor Track Overbilled Contracts project setting.

Recipient

General Contractor Project Managers and Compliance Managers

Action Required

The General Contractor needs to manually release the payment hold after confirming the Subcontractor reported the correct billing amount. Confirming the amount often includes adjusting the contract value through a change order or correcting the invoice so the Billed to Date Amount no longer exceeds the contract value.

See the following topics: