Understanding Constructable's financial model

Constructable connects contracts, billing, costs, and forecasts so your team can follow money from the original plan through payment.

Best for: Everyone using Financial Tools · Outcome: Understand which record owns each amount.

Start by separating money billed to the owner from costs owed to subcontractors and other vendors:

• The Prime Contract, PCOs, and Owner invoices track what the project bills to the owner.
• Commitments, Purchase Orders, COs, and subcontractor invoices track agreed vendor costs.
• Receipts track costs outside a Commitment.
• The Budget sets cost expectations.
• The Budget Report combines those sources into a current financial view.

In the recurring example, the concrete Commitment is a cost, while the Prime Contract is revenue. The added-foundations Change Event may create both a vendor CO and a PCO, so the project team can track what the work costs separately from what the owner is billed.

Do not use a new contract record simply to represent a monthly invoice. Invoices belong to the existing contract and its SOV.

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