Funding

The Funding Contracts tool in Procore allows you to easily create and manage a contract with an upstream client and keep track of all variations and related items.

Create a funding contract that includes a comprehensive bill of quantities and manage contract access permissions.
Import a bil of quantities from CSV or add line items manually by cost code
Email completed contracts to key stakeholders and change the contract status when approved
Manage the Funding Contract Variation (FV) process and approval workflow.

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Funding

The following table highlights which user permissions are required to perform the described user action.

Task	Read Only	Standard
Add a Related Item to a Funding Variation
Add Filters to the Variations Tab on a Funding
Add Financial Markup to Funding Variations
Add Line Items to a Bill of Quantities on a Funding
Approve a Funding
Configure Settings: Funding
Configure the Number of Variation Tiers for the Funding Tool
Create a Variation Request for a Funding
Create a Commitment Variation from a Funding Variation
Create a Configurable PDF of a Funding Payment application
Create a Funding Variation
Create a Funding Payment application
Create a Payment Received
Create a Potential Variation for a Funding ¹
Create a Potential Variation with DocuSign®
Create a Bill of Quantities on a Funding using the Project's Budget
Create Fundings	+	+
Delete a Funding	+	+
Delete a Funding Variation
Edit a Commitment Variation Linked to a Potential Variation for a Funding
Edit a Funding	+	+
Edit the Advanced Settings on a Funding
Edit an Owner Payment Application's Configurable PDF View
Email a Funding
Email a Funding Payment application
Email a Potential Variation for a Funding
Enable Financial Markup on a Funding
Export a Configurable PDF of an Owner Payment Application
Export a Funding ³
Export a Funding Payment application
Export a Funding List
Import a Funding Bill of Quantities from a CSV File
Manage Rows & Columns in the Funding Tool
Remove a Potential Variation or Variation Request
Remove a Variation from a Funding
Search for and Apply Filters to the Funding Tool
Set or Release Retention on a Funding Payment application
Update the Bill of Quantities on a Funding
View Fundings ²
View the Change History of a Funding

¹ Users with 'Standard' level permissions can only create a Funding Variation (FV) if the 'Allow Standard Level Users to Create FCOs' tickbox is enabled in the Configure Settings page. For more information, see Configure Settings: Funding.

² Users with 'Read Only' and 'Standard' level permissions can only view a funding that is private if they have been added to the 'Private' drop-down list on the funding.

³ Users with 'Read Only' or 'Standard' level permissions can only export to the PDF file format. Users with 'Admin' level permissions can export to both DOCX and PDF.

Below are the notable changes to the project's Main Contracts tool (also known as the Funding tool or the Client Contracts tool in some accounts).

Recent Changes

improved navigation for bill of quantities (19/04/2024)

When modifying a cell in the Bill of Quantities table, users can now input content and easily move to the next cell after completing updates.

Main Contract Payment Applications added to Workflows Open Beta (13/03/2024)

Main Contract Payment Applications has been added to the list of tools supported by the self-serve workflows open beta. See Best Practices for Creating an Owner Payment application Workflow.

Custom Fields now visible in Main Contract List view (05/01/2023)

Users can now see custom fields within the main contract list view table. Users can now view, filter and sort by custom fields in the list view.

Funding

Variations

Configuration Tasks

Payment Applications

Integrations

Funding (BETA)

Tip

Set up a Funding Source - Owner

Create Bill of Quantities for a Funding Source - Owner

Funding

Recent Changes

improved navigation for bill of quantities (19/04/2024)

Main Contract Payment Applications added to Workflows Open Beta (13/03/2024)

Custom Fields now visible in Main Contract List view (05/01/2023)