Commitment
Control
Allows
the user to track both Contracts
and Purchase Orders.
CONTRACK™
was one of the first commercially
available products that managed
both Contracts and Purchase Orders.
The Purchase Order function was
designed specifically for Real Estate
Developers. In many systems, the
Purchase Order function was designed
for Manufacturing, requiring information
that simply doesn’t apply
to the building industry, like “Inventory
part numbers” or “Bill
of material”. CONTRACK™
won’t burden you with such
requests. Our PO function was designed
to handle the types of PO’s
developers create every day.
Allows
an unlimited number of line items
per Commitment.
Many systems treat the sub-contract
as a specific line item within the
project. Limiting the commitment
to that single line item. CONTRACK™
provides much more by allowing the
user to define any number of line
items as being part of a single
contract. This approach has proven
to be invaluable, especially when
dealing with multiple phased projects
where a single contract may be extended
to multiple phases.
Commitments
Detail by Contract Report |
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Allows
an unlimited number of Commitments
per line items.
The fact is, multiple vendors may
contribute to the work on a single
line item of the project. With CONTRACK™,
there is no need to set up separate
line items for each one. CONTRACK™
can report on each vendor or collectively
at the click of a mouse.
By allowing multiple commitments
to a line item, the user doesn’t
have to go through hoops to change
the chart of accounts when a new
vendor is added to the project to
take over the work of an earlier
vendor. A new commitment is created
using the same account line item.
The commitment to the original vendor
would simply be reduced by a negative
change order.
Allows
subcontractor insurance lapse dates
to be tracked by contract or by
vendor.
To prevent the financial exposure
to uninsured sub-contractors, CONTRACK™
has a built-in capability to track
various insurance dates per contract
or per vendor. The ability to track
these dates by a specific contract
has been extremely useful when the
same vendor may be working in multiple
projects in multiple states. Workers
Compensation and General Liability
are provided as a default but the
user can add any number of “User
defined” dates such as “Auto
insurance” or “City
License fees”.
Allows Change Orders on both Contracts
an Purchase Orders.
CONTRACK™
not only allows the user to record
“Change orders” on a
contract but also on a Purchase
Order. It’s the kind of thing
that when you need it, you’re
glad its there.
Allows
different “Retention”
rates per line item of a contract.
From its inception, CONTRACK™
has allowed users to not only handle
retention but handle complex contracts
where the retention rate may differ
per line item of the contract. Because
this function is so easy to use,
people use it. By using it, they
can take the agreed upon retention
percentage out of each invoice,
actually out of each line item of
the invoice. By recording the proper
invoice amount, CONTRACK™
presents a more accurate presentation
of the cost incurred to date on
the project.