Module 3: Payment Certificate Valuations

PAYMENT CERTIFICATE VALUATIONS_mobi2018-08-20T10:43:37+00:00
  • Prepare progress certificate payment valuations based on a default percentage, a bulk allocation of money, or individual inputs by quantity, percentage or amount valued to date.
  • Module freezes contract bill data and allows for payment of original bill items as well as changes to the contract.
  • Both current and previous figures are available at all levels.
  • Allows detailed valuation of “Work done late”.
  • Carries all valuation data through from each certificate to the next – enter only what has changed since the previous valuation.
  • Provides for advance payments and their recoupment, recovery statements and certificates.
  • Provides detailed inputs and reporting on subcontractors whether measured as package bills or entered as subcontractors.
  • Setup of general contract data such as contract type (retention, etc.), contract dates, adjustment basis, various methods of valuing preliminaries, etc.
  • When complete, fix the start-up point of your data so that all bill items are available for valuation.
  • Valuations may be made by location where the bills were measured in locations.

  • Subcontractors measured as package bills will appear automatically under “Valuations”, and subcontractors in respect of ‘Provisional sums” measured may be added on this window
  • The details of the Contract type are required including Work groups if the contract attracts CPAP.
  • The mechanism for calculating profit and attendance is present and the various percentages and maxima must be entered to trigger the calculations.

  • Advance payments may be defined with a set of proposed recoveries (the latter may also be entered per valuation on an ad hoc basis).
  • Various international locations require differing recoveries, QSPlus has functionality to recover advance payments made based on a percentage of the work done in each certificate, the maximum being the amount of advance payment.

  • Preliminaries may be calculated in various different ways and this is set up along with the contract particulars.
  • Pro rata calculations may be made on the “Value of work executed” (including or excluding the amount of variations executed to date).
  • Preliminaries may be valued on the basis of agreed amounts per certificate, a schedule of prelims payments set up, or amounts in respect of establishment, monthly and final amounts.
  • All figures calculated or entered are carried through to the next certificate.
  • With the exception of Provisional sums (which become subcontract sums), and depending on the basis of your selected Preliminaries valuation option, every bill item is visible on the main Valuation window.
  • Final account items applicable to any bill item are visible with the bill item and the total adjusted values and amounts to date are available.
  • Valuations may be entered for individual bill items by quantity, percentage or amount.
  • A default percentage may be set per trade to be applied to every item in that trade.
  • Alternatively, a default amount to value can be entered per trade and this will be applied to the relevant bill items in a top-down fashion until the amount is reached.
  • Work done late may be entered against bill items.
  • Materials on and off-site may be recorded.
  • All figures calculated or entered are carried through to the next certificate.

Not in African continent versions
  • This function allows the setup of dayworks to be recorded against the contract.
  • All figures calculated or entered are carried through to the next certificate.
  • This window allows you to allocate an amount to pay without too much detail being required. It can be used where a Final account item attracts a payment but has not yet been measured in any detail, in which case the Quick VO should be deleted later when the Final account VO has been measured.
  • Work done late may be entered against Quick variations
  • All figures calculated or entered are carried through to the next certificate
  • The details of your final account variations are available for valuation based on your own selections.
  • The user determines a cut-off point for variations which means that he can control what information is presented to the client. The final account VO can be further measured after the cut-off point and before the valuation is presented, without affecting the valuation
  • Values for final account variations may optionally be presented on the “Summary of work done” as:
    • A single line of print for all final account variations
    • A line of print for each individualfFinal account variations
    • No final account VO detail but instead the amounts added to the original bill trade figures
  • All figures calculated or entered are carried through to the next certificate.

  • Subcontractors may be set up and valuations done against their work.
  • Previous valuation figures are visible in each certificate.
  • Work done late may be entered for subcontractors.
  • All figures calculated or entered are carried through to the next certificate.

  • Various levels of output documents are included:
    • Backup documentation in the form of simple printouts to reconcile what has been captured
    • Presentation documents making up the valuation.
    • In some cases, an Excel spreadsheet of the certificate printout preview can be generated.
  • All figures entered or calculated are carried through to the next certificate.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.