The Progress tab provides a summary of the project's estimated progress, contract values (cost and sell), expenditure, invoiced claims and variations. It is designed to help you track costs against a contract value.
There are three different views that allow you to drill down and track costs against each stage, tracking centre (if configured) or line item types (Labour, Material and Expenses). You can also choose to manage and invoice progress claims based on task actuals, or a percentage of the contract value.
There are three types of progress views which calculate values based on:
You can drill down further by selecting to view project values for each by stage, tracking centre or line item types.
Progress calculation methods
Depending on how you manage projects, the Progress tab features two additional views that are used for calculating progress claims.
This view uses the job costs incurred as a basis to calculate a suggested claim amount for the next invoice. It is designed to enable you to charge for job costs incurred since the last Invoice (regardless of progress on the project).
% of Contract
This view allows you to enter a percentage for calculating a progress claim invoice. It provides more flexibility and is designed for invoicing claims based on a percentage of the approved contract.
Using this view, the Claim Amount % becomes an editable field. You can use this to update the percentage of progress you wish to claim for.
A claim percentage can be set for each stage, each Tracking Centre, or the project as a whole.
Create a claim
Once you have chosen to manage the project by Task Actuals or by % of Contract, you can create a progress claim directly from this screen. To learn more, see Progress Claims.
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