Contracts

A contract is an agreement between two parties in which one party agrees to perform work, furnish labor, or furnish materials for an agreed upon price which will be paid by the other party. Use the Contracts form in Prolog Manager to track all of the contracts in a project. Several tasks you can do in the Contracts form include:

• Creating the schedule of values
• Adding substantial and final completion dates
• Listing inclusions, exclusions and alternates
• Designating the contract attachments and drawings and specifications.

Note: The contract amount is not committed to the budget until you have approved the contract for the budget.

To create a contract

1. On the View menu, click Cost Control > Contracts, and then select a view.
2. Click .

The Contracts form appears.

3. Enter the following information:
• Contract ID: The system generated unique number identifying the contract. This field is read-only.
• Contract Number: The number assigned to the contract.
• To Company: The name of the company to which you are awarding the contract. For information on searching for a company record, see "Adding a Company to a Record".
• Short Description: A short description of the contract.
• Approved for Budget: This check box is selected if the contract has been approved for the budget. This check box is selected by default for committing contracts only.
4. To save the changes and keep the form open, click > Save.

—Or—

To save the changes and close the form, click > Save and Exit.

See Also