Approve a Head Contract

Objective

To change the status of a prime contract for a construction project to 'Approved.'

Background

After the head contract is created, you can follow the steps in Update the Schedule of Values (SOV) on a Head Contract. Once the line items on the SOV are complete and the agreement between the project owner and your company is finalised, you can place the contract into the Approved status. This action allows your project team to begin creating variations (see Create a Head Contract Variation (HCV)), owner progress claims (see Create an Owner Progress Claim), and payments issued (see Create a Payment Issued).  

Things to Consider

• Required User Permissions:
  • 'Admin' level permissions on the project's Prime Contracts tool
• Additional Information:
  After you complete the steps below, your project team can then perform the following tasks:
  • Create a Head Contract Variation (HCV)
  • Create an Owner Progress Claim
  • Create a Payment Received

Prerequisites

• Create a prime contract. See Create Prime Contracts.
• Update the head contract's Schedule of Values (SOV). See Update the Schedule of Values (SOV) on a Head Contract.
• Confirm that all parties to the head contract are in agreement prior to changing its status to 'Approved.' 

Steps

1. Navigate to the project's Head Contracts tool.
2. Under the General tab, locate the prime contract.
3. Click the Edit button.
4. Under General Information, choose Approved from the Status drop-down list.
   
   
    
5. Click Save or Save and Email.

Next Steps

• Create a Head Contract Variation (HCV)
• Create an Owner Progress Claim
• Create a Payment Received

See Also

• Create Head Contracts