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How to Make a Contractor Payment Schedule in Construction (Template Included)

ProjectManager.com

Payment is determined in the contract process, which includes the contractor payment schedule. What’s included in the contractor payment schedule and the different types are a critical part of the professional relationship between the project owner and the general contractor. What Is a Contractor Payment Schedule?

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What Is a Sales Order? (Example & Template Included)

ProjectManager.com

To better understand what a sales order is, we’ll define the term, list what should be included and outline the sales order process. A sales order is a document the seller creates for internal use in processing a customer order. ProjectManager’s kanban boards manage the sales order process. What Is a Sales Order?

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The Order Management Process Explained (Free Templates Included)

ProjectManager.com

We’ll explain what order management is and explore how an order management process is conducted. There are, of course, people behind the order management process. We’ll define those roles and link to some free templates to download, which will help users facilitate the order management process. What Is Order Management?

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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

It can be used to communicate what’s needed in the project, the costs associated with the activities and the management of payments. The schedule of values (SOV) is a construction document that’s part of the payment process when working on a project. This is also called progress billing or payment applications.

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How to Manage Project Cash Flow

ProjectManager.com

That process is called project cash flow. Positive cash flow is the income or receipts of the project, while negative cash flow are the expenditures or payments. You can look at project cash flow as the schedule of payments that an owner has to make to build a project over a period. Next comes the cash payments.

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What Is a Construction Lien Waiver Form?

ProjectManager.com

A lien waiver form is a legally binding document that states that the contractor, subcontractor or supplier has received payment for their service or materials. The lien waiver form is essentially a receipt for payment. Using a lien waiver speeds up the payment process and everyone likes to get their money faster.

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Order Processing: Steps, Example & Software

ProjectManager.com

While order processing seems to work fast and without issue, a lot is going on in the background to ensure the seamless management of placement, picking, sorting, packing and shipping. That’s only an overview of order processing and there’s a lot more to it, which we’ll get to in greater detail. What Is Order Processing?

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