View Submitted SOVs

Modified on Tue, 29 Oct at 5:25 AM

The 'Work Performed Value' screen allows the general contractors to view the SOVs submitted by the subcontractors (and the GC themselves, if any), assess them, add their management fees and profit for each work item assigned to subcontractors, and approve the same enabling the contractors to generate invoices.

Reminder:
The 'Work Performed Value' feature is available only to the general contractor. Only the GC can view and assess the SOVs submitted by all subcontractors (including the one generated for their company) and approve them for invoicing.

To view the submitted SOVs

  • Select the project from the portfolio screen to open its management console.
  • Click 'SOV' on the top, then select 'Work Progress Value' on the left.

The table shows the list of SOVs from your contractors.

  • Responsible Contractor - The name of the contractor company from whom the SOV is received. Click the name to open the SOV received from the contractor for the current billing cycle. See Approve Submitted SOVs to learn more about viewing, assessing, and approving SOVs for the current billing cycle from the contractor 
  • Work completed:
    • To Date -  The gross total billable amount incurred for the contractor up to the previous billing date. 
    • To Period -  The gross total billable amount payable to the contractor for the current billing cycle. 
  • Stored Materials - The amount of materials procured by the contractor for their tasks and remaining for future work. 
  • Total Completed & Stored to Date - The sum of the current billing cycle SOV amount and the value of the materials stored by the contractor
  • Net SOV - The amount billable for the current billing period, excluding the retainage, in USD. ('To Period' - 'Retainage' )
  • Retainage - The accumulated retainage for the contractor, including that of the current billing cycle.

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