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What is the Contract Room in Portfolio Financials?

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 Note
This information is intended for accounts with Portfolio Financials product in Procore. Please reach out to your Procore point of contact for more information. 

Answer

The Contract Room is a shared portal in Portfolio Financials that allows vendors to submit variations and payment applications directly to the project team for approval throughout the duration of the project. Upon approval, variations and payment applications automatically update the project's Cost Tracker, making it a highly effective tool for streamlining the cost tracking process.

For a list of frequently asked questions related to the Contract Room, see What should I know about the Contract Room in Portfolio Financials?