Valuations can be prepared by three different types - External/Internal or Subcontractor. Based on a Percentage Complete / Quantity / Value / Take-Off with a facility to claim Materials on Site.
Remeasures/Variations/Day Works are catered for. Take Off/Remeasures can be built up over a period to provide a quantity for a valuation. Ideal for time sheets.
Valuations can be the basis of an invoice or various layouts of summary and detailed progress applications. Sales applications can link to the Contract Sales Management module and subcontractor valuations can link to certificates in the Subcontractor Management module (CIS/RCT).
The default Retention, Discount, CITB are automatically calculated from settings for each contract.
Internal applications are used for internal purposes only and are meant to show the value of an application for management purposes as this may differ from an external application. There is also a certified column which indicates certified payments made to date. Values from internal can be transferred automatically to external (and vice versa) and a % added or deducted. Likewise subcontractor valuations can also be generated automatically based on internal/external valuations.
As valuations are based on the BOQ with fully resourced rates the Contract Management module provides the ability to monitor valuations against budgets and actual costs. CMS Contractor can provide the ultimate Cost Value Reconciliation automatically.