TRACE / CONNECTED PROJECT WORKFLOWS
Construction Cost & Contract Management
Connect budgets, changes, payment applications and the supporting contract record.
Capabilities depend on module, access, source readiness and configured services. AI prepares and explains; authorized people approve.
Platform: commercial and contract controls 12 entries
Connect billing, cost and change records to their supporting evidence and authority.
Module and source availability apply- Schedule of values
Structure progress billing and maintain supported line allocations.
- Payment applications
Prepare progress applications with supporting records and review/payment clocks.
- Certification controls
Use supported content-bound, two-person certification and structural validation.
- Compliance withholdings
Track supported withholding amounts separately from the operation of the payment clock.
- Change orders
Keep approval and contract incorporation as distinct actions.
- Contract growth
Associate approved changes with SOV allocation while preserving the original contract value.
- Cost codes and budgets
Maintain budget, commitments, actual cost, forecast and variance records with attributable revisions.
- Timesheets
Record crew and equipment hours by cost code with supported approval.
- Trade partners and subcontracts
Maintain project partners and subcontract records.
- Credential windows
Evaluate entered license, registration, bond and insurance effective/expiry dates against the recorded work date.
- Releases and waivers
Manage configured release records and claimant exposure.
- Stop payment notices
Track notice-related withholding separately from release exposure.
Legal and financial determinations require the controlling project terms and authorized review. Recorded credential windows are not a live licensing-board verification.
Source and availability details ↗See the workflow with your team.
Use a working session to review the records, responsibilities and configuration your project needs.