Accept SOV Configuration

Subcontractors are notified whenever the general contractor configures the SOV terms for a project. They have two options:

• Accept the terms. Once accepted, the terms cannot be changed throughout the lifecycle of the project. 
• Raise a dispute. If a contractor disagrees with the SOV terms, they can negotiate with the general contractor through any communication method, for example, using the built-in chat feature in the project management console. The GC can edit the terms for the contractor to accept. The revised terms will be available for the rest of the contractors who are yet to accept them till there is a next revision.

To accept the SOV terms

• Open the SOV configuration screen if you haven't done so. To do so:
  • Ensure that you are on the management console of the project
  • Click the app launcher on the top-right and select 'Finance'
  • Click 'SOV' on the top

If you have not accepted to the SOV terms so far, the terms as set up by the GC is shown:

• Click 'Accept Retainage'

Accepting the SOV terms is a one-time process. Once you accept, you cannot change it.

If you disagree with the terms, you can negotiate with the GC before accepting the terms.

• Click the chat icon at the top right to discuss with the GC. Once the GC revises the terms, you can accept them. See Chat and Collaborate to learn more about the built-in chat feature.