Contracts, Contractor Bills & Payments
Salient Features
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Define Contracts & Rate Contracts with all terms like Mobilisation Advance, Misc. Advance, Retention %, GST & TDS Applicable.
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Work done to be defined in contract for each phase, the total qty of work done and the items required in the selected phase, work is automatically calculated from work template in the phase.
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RA Bills of Contractors are generated every fortnight or monthly. Billing Qty of work is controlled by Total Work Defined in Project Work template/ Contract minus work qty already billed.
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Billing Qty can also be picked from the daily progress of the respective work in the respective phase.
No Possibility of Over Billing -
Bill to handle all Deductions like Hold Amount, Mobilisation Advance, Misc. Advance, Retention & TDS along with the Addition of Sales tax, Service Tax and any Secure Advance Applicable.
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Credit Note & Debit Note to Contractor for release or hold of any Advance, Hold Amount, Retention or Security after the bill.
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Contractor Payment. Payment of contactor bills and credit notes for any period. Also payment for the Secure Advance and material advance to be made to contractor and deduction of TDS accordingly.