Funding
- Last updated
- Nov 13, 2024
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The Funding Contracts tool in Procore allows you to easily create and manage a contract with an upstream client, and keep track of all change orders and related items.
- Create a funding contract that includes a comprehensive schedule of values and manage contract access permissions.
- Import a schedule of values 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 Change Order (FCO) process and approval workflow.
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Set up a Funding Source - Owner
Create Schedule of Values for a Funding Source - Owner
- At what tier can an upstream collaborator approve a variation?
- Can I create a variation for a contract or funding before a downstream collaborator responds to an RFQ for a change event?
- Can I customise the numbering system for financial objects in Procore?
- Can I import a CSV into a Project Financials tool's schedule of values if it has blank values?
- How can I troubleshoot an issue with the Procore Web Application?
- How can I use tax codes on a Procore project?
- How do I adjust my budget view when the Client Contracts, Funding or Head Contracts tool is disabled in my company's Procore account?
- How do I change my web browser's default email client for mailto links?
- How does Procore automatically complete amounts on an upstream progress claim? (Legacy)
- How does Procore calculate a progress claim's 'Current Payment Due' amount?
- What are "related items" in Procore?
- What are Procore's default change types and change reasons?
- What are Procore's default cost codes?
- What are Procore's default cost types?
- What are custom sections and which Procore tools support them?
- What are the DocuSign® fields and can I customise them?
- What are the default statuses for Procore progress claims?
- What are the default statuses for variations in Procore?
- What are the different types of progress claims in Procore?
- What are the different variation tier settings in Project Financials?
- What are the requirements for importing SOV Line Items from CSV?
- What granular permissions are available for the project's Funding tool?
- What is a budget code in Procore's WBS?
- What is an upstream collaborator?
- What is the 'Enable Always Editable Bill of Quantities' setting?
- What is the difference between a distribution group and distribution list in Procore?
- What is the difference between horizontal and vertical financial markup?
- What tool names and terms are different in Procore for head contractors, owners and speciality contractors?
- Which Microsoft Excel file versions can be attached to items in Procore?
- Which Procore project tools support the DocuSign® integration?
- Which Procore tools support Work Breakdown Structure?
- Which Procore tools support granular permissions?
- Which units of measure are included on Procore's master list?
- Why can't I create a variation?
- Why can't I edit or delete an 'Approved' variation?
Funding
The following table highlights which user permissions are required to perform the described user action.
+ : Indicates that one or more granular permissions are available for the task. See the relevant tutorial or Grant Granular Permissions in a Project Permissions Template for more information.
1 Users with 'Standard' level permissions can only create a Funding Variation (FV) if the 'Allow Standard Level Users to Create FCOs' checkbox 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 Head Contracts tool (also known as the Funding tool or the Client Contracts tool in some accounts).
Recent Changes
Owner Invoicing Performance Improvements (16/05/2025)
Procore has significantly enhanced the performance of creating and loading Owner Progress Claims, resulting in much faster speeds. The Owner Progress Claims feature now captures changes in the Change History more efficiently by summarizing line items, which is particularly beneficial for large progress claims.
Auto-Pin Column to Improve Horizontal Scrolling in Head Contracts Tool (12/5/2025)
Procore's Head Contracts tool now automatically pins the Number column on the head contracts table, similar to freezing columns in a spreadsheet. This keeps essential data visible while you view other details.
Added a Tax Code Column to CSV Imports for Amount-Based Accounting (12/05/2025)
Procore has introduced a new 'Tax Code' column to the CSV import functionality for the Head Contracts tool, enhancing the accuracy and compliance of financial data management. This addition streamlines the import process, reducing manual data entry errors and improving the user experience for construction stakeholders. To learn more, see Import a Head Contract SOV from a CSV File.
Enhanced Custom Fields for Change Orders (12/05/2025)
Procore has updated the Commitments and Head Contracts tools to display Custom Fields on Potential Change Orders (PCOs). This enhancement allows users to better manage and customise their change order processes. To learn more, see What are custom fields and which Procore tools support them? and What field types are available for Custom Fields in Procore Tools?