Approve CO #14. Pay App #9 is already updated.
Job cost, commitments, change orders, AIA pay apps and retainage in one place. Flip the switch below: the 23-330 budget, the Summit Mechanical subcontract and a new G703 line roll up into the G702 before the super has left the site.
Approve CO #14 and watch Pay App #9 assemble
G703 continuation sheet
Line items| Item | Scheduled value | From previous | This period | Completed to date | % | Retainage |
|---|---|---|---|---|---|---|
| 03-300Cast-in-place concrete | $4,860,000 | $4,617,000 | $97,200 | $4,714,200 | 97% | $471,420 |
| 05-120Structural steel · Apex Steel | $3,940,000 | $3,546,000 | $118,200 | $3,664,200 | 93% | $366,420 |
| 09-250Gypsum board · CoreDry | $2,710,000 | $1,084,000 | $406,500 | $1,490,500 | 55% | $149,050 |
| 23-330HVAC ductwork · Summit Mech. | $3,180,000 | $1,590,000 | $381,600 | $1,971,600 | 62% | $197,160 |
| 26-050Electrical · Volt Electric | $5,420,000 | $2,980,000 | $487,800 | $3,467,800 | 64% | $346,780 |
| Other209 more SOV lines | $29,103,600 | $16,872,600 | $749,980 | $17,622,580 | 61% | $1,762,258 |
Pay App #9 · AIA G702
Rolls up from G703| 1Original contract sum | $48,200,000 |
|---|---|
| 2Net change by change orders | $1,013,600 |
| 3Contract sum to date | $49,213,600 |
| 4Total completed & stored to date | $32,930,880 |
| 5Retainage (10%) | $3,293,088 |
| 6Total earned less retainage | $29,637,792 |
| 7Less previous certificates | $27,620,640 |
| 8Current payment due | $2,017,152 |
| 9Balance to finish, incl. retainage | $19,575,808 |
Job cost by cost code
Sample| Cost code | Revised budget | Committed | Actual cost | Proj. variance |
|---|---|---|---|---|
| 03-300Concrete | $4,310,000 | $4,180,000 | $4,020,000 | $0 |
| 05-120Structural steel | $3,520,000 | $3,490,000 | $3,250,000 | $0 |
| 09-250Drywall & framing | $2,390,000 | $2,310,000 | $1,240,000 | $0 |
| 23-330HVAC ductwork & dampers | $2,860,000 | $2,770,000 | $1,710,000 | $0 |
| 26-050Electrical · Volt Electric | $4,780,000 | $4,971,200 | $2,690,000 | -$191,200 |
| Other38 more cost codes | $25,550,500 | $24,480,000 | $18,790,000 | $0 |
| Job total | $43,410,500 | $42,201,200 | $31,700,000 | -$191,200 |
- Approve CO #14 to see what one change touches.
For company books, visit Accounting.
Sample data · Riverside Medical Center, Job #24-118. An in-browser sketch on sample data. The real tools are in the app: start a trial to use them on your own project.
What Financials covers
6 of 8 are live in the app today. Preview items work with limits noted. Planned items are not built yet, and the founding cohort helps set the order.
- Live
Job costing
Budget, committed and actual cost by cost code, with budget modifications, forecasts and snapshots. Actual cost comes from direct costs and commitment invoices.
- Live
Change orders
Change events to potential and executed change orders, with markups, priced, approved and pushed to budget and billing in one move.
- Live
Commitments
Subcontracts and POs with their own SOV, change orders, requisitions and remaining balance.
- Live
Prime contracts and pay apps
Schedule of values to a G702/G703-style payment application, with executed change orders and stored materials.
- Preview
Retainage
Retainage on work and stored materials per line, released retainage, and recorded owner payments. A reconciled retainage ledger is next.
- Live
Direct costs and WBS
Direct costs coded to the work breakdown structure and cost codes, alongside T&M tickets.
- Live
RFQs and bid leveling
Send RFQs, level the responses side by side and award.
- Planned
Lien waivers
Conditional and unconditional waivers tracked against each payment.
What's live today
10 tools on one project record. Turn on the tools you use per project and set access per tool: none, read only, standard or admin.
Financial management
- LivePrime Contracts
- LiveBudget
- LiveDirect Costs
- LiveCommitments
- LiveChange Events
- LiveChange Orders
- LiveT&M Tickets
- LiveRFQs
- LivePayment Applications
- LiveWork Breakdown Structure
Financials covers project-level costs and billing. Company books, payables, receivables and payroll are in the separate Accounting module.
How it connects to the rest of the OS
Financials doesn't sync with the other modules. It shares the same records, so a change here is already there.
Go deeperDocs, glossary and use cases
Read how it works
- Cost codes and budgetsHow cost codes, cost types and budgets work in job costing, and how os.construction keeps budget, committed cost and actual cost on the same structure.Preview
- Commitments and change ordersSubcontracts, purchase orders, owner change orders and commitment change orders, and how one change flows from the field to the contract, the commitment and the budget.Preview
- Pay apps, SOV and retainageHow progress billing works with a schedule of values, AIA G702/G703 and retainage, worked through Pay AppPreview
- Importing from your current stackBring people, field records, documents and contracts over from your current project management system with the import tool. What comes over, where it lands, and how a cutover works. Company accounting supports bounded journal and opening-balance CSV imports.Preview
Terms on this page
- Job costing
- Cost code
- Commitment
- Change Order (CO)
- Schedule of Values (SOV)
- AIA G702
- AIA G703
- Retainage
- Lien Waiver
- Three-way match
See it in a workflow
Run your next job on it.
Start a 14-day free trial with a sample project already set up. Want a say in what ships next? Join the founding program.