Approve Submitted SOVs

The general contractor can appraise the periodically submitted SOV's from the contractors, add their fees as appropriate, and approve them. The contractors can generate their invoices based on the approved SOVs for each billing cycle.

To open the SOV from a contractor

• 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.

• Click the name of the contractor to view their SOV

Add Management Fees and GC Profit

The GC can add their management fees and profit for each task item/deliverable for which the contractor is generating an invoice. The task-wise management fees and the profit will be reflected in the SOV generated by you and submitted to the owner for thier approval.

• Double-click inside the management column for the task and enter your fees in US dollars.
• Double-click inside the Profit column and enter your profit in US dollars.
• Click 'Approve' to approve the SOV. 

The contractor will be notified of your approval and can generate their invoice for the billing cycle.

You can view the log of approved SOVs from the 'Work Performed History' screen and can download any previous billing cycle SOV as an Excel file. See View Approved SOV Logs for more details.