Subcontractor Info Tab

Use this tab of the Manage Vendor History screen to specify period of performance dates and information about subcontractor invoices for Progress Payments (1443s).

When Costpoint uses the word "subcontractor," it is not referring to all workers that are independent contractors or temporary workers. It is identifying only those workers who are performing work for your company and are obliged as vendors to obtain and maintain certain types of insurance and/or bond status. In addition, some vendors need to prove that their work is free of any liens (legal claim) before payment is released.

To learn more about subcontractors, see Subcontractors.

Subcontractor Payment Control

Field

Description

Invoice Period of Performance Date

Enter, or click to select, the period of performance date in this field if you identified a vendor as a subcontractor on the Manage Vendor screen and chose to use the period of performance date for comparison with the insurance and/or bond coverage dates. (Your two other choices are tied to Accounts Payable processing: the invoice date and the payment selection date.) The system date (today's date) is the default. If the subcontractor was not covered during this period of time, Costpoint displays a warning before allowing payment of any invoice. You enter insurance and/or bonding coverage information on the Insurance subtask or the Bonds subtask. If your company does not use subcontractors, you can leave this field blank.

Subcontractor Invoice

Use the fields in this group box to enter information related to Progress Payments (1443s). You use this group box when a subcontractor issues a progress billing. The invoice is always a Progress or Delivery invoice (see the Invoice Type field).

If the voucher is a progress billing from a subcontractor, you need to select the Invoice Type. If it is a Delivery invoice, you also specify the Delivery Value, so that Costpoint can properly compute the 1443s.

However, if progress payments do not apply to this voucher, no entry in this group box is needed and the Invoice Type can remain as None. For more information, see the Update Subcontractor Progress Payments screen.

Field	Description
Invoice Type	Select an invoice type from the drop-down list. Valid selections are: Delivery Progress None (the default) If you select Delivery as the Invoice Type, you must enter a delivery value in the next field.
Delivery Value	This field is required only if you select Delivery as the Invoice Type. Enter the gross value of the shipment in this field.