Create and manage payment applications

Learn how to create and manage cost payment applications to reflect the amount of work completed. You’ll learn how to link cost payment applications to budget payment applications in order to compare budgeted, committed and actual costs.

After completing this video, you’ll be able to:

  • Create cost payment applications.
  • Create budget payment applications.
  • Compare budgeted, committed, and actual costs.

Video quiz

Which cost component reflects the amount of money the contractor agreed to pay the subcontractor for the work they will perform?

(Select one)
Select an answer

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