Introduction to Contracts in Cost
Navigating to contracts
Note: Some regions use Variations and Progress Claims, instead of Changes and Applications.
Upstream & Downstream Contracts
It’s possible to place both upstream and downstream contracts. For example, for a general contractor, an upstream contract would be placed between the general contractor and the owner. A downstream contract would be placed between the general contractor and the subcontractor.
Contracts are shown in the Contracts Register and all of the key information, such as contract number, name, and control accounts is displayed. Each row shows a different contract, with Upstream and Downstream contracts listed on two separate tabs.
Contract Items are the detailed breakdown of the contract and form the structure used for progress claims. They are valued, and are related, to the cost worksheet as a commitment.