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Procore

Edit the Advanced Settings on a Funding

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 Limited Release
flag-us.png flag-canada.png The Funding tool is available as a limited release for Procore customers in the United States and Canada who have implemented the Procore for Owners point-of-view dictionary. To learn more, see What dictionaries and languages are available in the Procore web application?

Objective

To update advanced settings for a funding using the controls in the Funding tool's Advanced Settings tab.

Background

If you are a user with 'Admin' level permissions on the Funding tool, the steps below show you how to edit advanced settings for the project's funding. This includes choosing an accounting method for the Bill of Quantities (BOQ), enabling financial markup, owner payment application settings, comments settings and payment settings. In addition to these Advanced Settings, additional configuration settings are on the tool's Configure Settings page. See Configure Settings: Funding.

Things to Consider

  • Required User Permissions:
    • 'Admin' level permissions on the project's Funding tool.
  • Additional Information:

Steps

  1. Navigate to the project's Funding tool.
  2. Locate the funding to work with. Then click its Number link. 
  3. Click Advanced Settings. 
     Note
    If your browser window is not in full-screen mode, choose More > Advanced Settings.
  4. Click Edit.
    edit-prime-contract-advanced-settings.png
  5. Under Bill of Quantities Settings, set the following:
  6. Under Financial Markup Settings, set the following:
  7. Under Owner Payment Application Settings, set the following:
    • Enable Main Contract Payment Applications
      Place a tick in this box to enable main contract payment applications on the funding. 
    • Enable Completed Work Retention
      Place a tick in this box to enable work completed work retention on Funding Variations.
    • Enable Stored Material Retention
      Place a tick in this box to enable stored material retention on Funding Variations
    • Level of Detail to Display on Variations
      The level of detail that is selected here determines how variations are displayed on the 'Detail' tab of the owner payment application. This setting affects the payment application in view mode and print mode. See What are the different variation tier settings in Project Financials? You will always enter and edit information at the line item level of detail specified. Select one (1) of the following:
      • Funding Variation (FV)
      • Potential Variation (PV)
      • Line items in each Potential Variation (PV)
        This is the default setting.
    • Show Markup on Payment application PDF and CSV
      Place a tick in this box to show financial markup on the Detail tab's Export > PDF or Export > CSV for the main contract payment applications. For the CSV option, markup line items will be included at the bottom of the CSV file.
    • Approve Contractor Payment applications when Funding Source Approves Funding Payment applications
      Place a tick in this box so that once a funding source approves a funding payment application, the subcontractor payment application is also approved. This functionality will only be enabled if main contract payment applications are prefilled with payment applications. To learn how main contract payment applications are prefilled, see Create a Funding Payment application.
    • Show Cost Code on PDF
      Place a tick in this box to show cost codes on the PDF. There is no cost code column in the Configurable PDF tab, but cost codes will show in headers if grouped by cost code.
  8. Under Payment Settings, set the following:
    • Enable Comments
      Place a tick in this box to see the Comments tab. Only users with 'Admin' level permissions on the Funding tool can leave comments.
    • Enable Payments
      Place a tick in this box to enable payments on the funding.
  9. Click Save.