TERP Module
Contract job costing — BOQ, progress claims, certification, retention, site costs and variations.
Price a bill of quantities against a contract sum, then claim work measured to date. Claims are cumulative, so when a QS cuts one the difference comes back automatically on the next — the thing spreadsheets get wrong. Certification posts the revenue and moves the retention to its own receivable, and retention comes back in two stages. Variations are tracked apart from the original BOQ so the final account always reconciles.
Key features
See it in action
Contract 32,000,000, retention 10% capped at 1,600,000, four BOQ lines.
Claim 1: 300 m3 of concrete measured. The QS certifies 280.
The certificate posts Dr Work certified, Cr Contract revenue, retention to its own account.
Claim 2: 550 measured to date, so it claims 270 — the 20 the QS cut came back.
The client pays the payable; retention is released later in two halves.
Who it is for
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SEMICOLANS ERP