Embark on hassle-free contract management and payment certification. Learn to effortlessly create your first contract and payment certificate with our user-friendly guide.
Quick Video Overview
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Managing contracts and payment certificates is crucial for any project. It involves setting clear expectations, managing finances, and ensuring compliance with agreed terms. This guide will walk you through the essential steps to effectively create contracts, manage payments, and issue payment certificates.
Getting Started with Contracts and Payment Certificates
By following these steps, you can ensure smooth project execution and maintain strong client relationships.
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Construct the Budget: Begin by constructing the budget for your project. This includes outlining all anticipated costs and expenses. To create a Budget, see more details here.
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Input Contracts and Milestones: Input the necessary contracts and milestones into your project management system. This helps establish the scope and schedule of your project. To create a Contract, find more details here.
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Manage Changes through Variations: Throughout the project, manage changes through variations. These might include change orders or amendments to the original contracts. To update your Variations, check here.
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Include Forecasts: Include forecasts to anticipate potential changes or adjustments in the project scope, schedule, or budget. To add Forecast, you may refer here.
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Settle Payments: Input payments as they are settled throughout the project. Keep track of when payments are due and received. To track your Payments, see information here.
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Create Payment Certificates: Once a payment is received, create a payment certificate. This document serves as proof of payment and compliance with contract terms.
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Provide Certificates to Clients: Provide the payment certificates to clients for compliance and documentation purposes.
Your journey to a safer and more exciting project is just a click away!