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Procore Support (en-au)

Approve or Reject a Variation in Portfolio Financials

 Note
The information in this tutorial applies to accounts with the Portfolio Financials product in Procore. Reach out to your Procore point of contact for more information. 

Objective

To approve or reject a variation in the Contract Room of Portfolio Financials.

Background

The Contract Room is a shared portal where vendors can submit variations and progress claims directly to the project team for approval throughout the duration of the project. The Variations tab of the Contract Room is where variations can be added, managed and reviewed.

Things to Consider

  • Required User Permissions:
    • 'Limited' access to the project or higher.
      Note: Users with 'Limited' permissions must have access to the contract the change order is associated with. 
  • Additional Information:
    • The approval process may look different if your organization has the 'VAR approvals' feature enabled for your account.

Video

 
 

Steps

To approve a variation:

  1. Navigate to the relevant Contract Room by clicking the name of the cost item in the project's Cost Tracker
    Note: Cost items with a Contract Room are marked with a ribbon  icon.
  2. Click the Variations tab.
  3. Click the variation you want to review.
  4. Under 'Approval Needed', click Approve
    approve-change-order.png
  5. Complete the following information:
    • Date: Confirm the date of the approval.
    • Reason: Click the drop-down menu to select a reason for the approval.
    • Notify: Mark the checkbox if you want to notify the vendor of the approval. 
  6. Click Approve

To reject a variation:

  1. Navigate to the relevant Contract Room by clicking the name of the cost item in the project's Cost Tracker
    Note: Cost items with a Contract Room are marked with a ribbon  icon.
  2. Click the Variations tab.
  3. Click the variation you want to review.
  4. Under 'Approval Needed', click Reject
    reject-change-order.png
  5. Complete the following information:
    • Date: Confirm the date of the rejection.
    • Optional: Reason: Enter a reason for the rejection.
  6. Click Reject.
    Note: The vendor will be notified that the change order was rejected.