Payment Processing

You process payments against the contracts as the subcontractors make progress against their jobs. Payments are charged against the committed money for a contract. The JD Edwards EnterpriseOne Subcontract Management system offers many features you can use to process progress payments, including:

Payment Processing Feature	Description
Flexible pricing methods for commitments.	You can use these pricing methods for the contract commitments: Lump sum, where the contract price is fixed. Unit price, where the contract price is based on the number of units completed.
Payment options.	You can use these options when you process the progress payments: Joint payment handling and alternate payees. Partial payments. Multiple concurrent payment runs. Payment release by due date, payment status, or job. Processing of back charges and extras in addition to the committed amount
Efficient progress payments.	The JD Edwards EnterpriseOne Subcontract Management system helps you manage the progress payments by: Issuing a warning if there are log requirements that have not been met when you try to enter a progress payment voucher. Providing quick access to log status information. Processing retainage amounts as percentage or flat rates. Handling retainage and discount information on the same pay request. Performing both partial and full retainage releases. Providing an American Institute of Architects payment document that you can print and use for future progress payments.

Payment Processing Feature

Description

Flexible pricing methods for commitments.

You can use these pricing methods for the contract commitments:

Lump sum, where the contract price is fixed.
Unit price, where the contract price is based on the number of units completed.

Payment options.

You can use these options when you process the progress payments:

Joint payment handling and alternate payees.
Partial payments.
Multiple concurrent payment runs.
Payment release by due date, payment status, or job.
Processing of back charges and extras in addition to the committed amount

Efficient progress payments.

The JD Edwards EnterpriseOne Subcontract Management system helps you manage the progress payments by:

Issuing a warning if there are log requirements that have not been met when you try to enter a progress payment voucher.
Providing quick access to log status information.
Processing retainage amounts as percentage or flat rates.
Handling retainage and discount information on the same pay request.
Performing both partial and full retainage releases.
Providing an American Institute of Architects payment document that you can print and use for future progress payments.