Course Description for Sub Contract Valuation

This course is includes information on the following processes:

Introduction

Initial Exercises

Create Valuation

Receive Application for Payment

Certify Valuation

Receive Invoice on Sub Contract

Payment

Course Length

The estimated time to complete this course is 10 hours.

Target Audience

This course is designed primarily for business system analysts within engineering, or for employees working within construction, contracting services, infrastructure, facilities management, asset management, defense contract manufacturing or any other industry that is contract-oriented.

Introduction

This chapter gives an overview to the sub contract valuation process.

Prerequisites

There are no specific prerequisites for this introductory lesson.

Chapter Length

The estimated time to complete this chapter is 0.5 hours.

Target Audience

This chapter was designed for anyone who is interested in the sub contract valuation process.

Initial Exercises

This chapter includes instructions on how to complete a general flow for sub contract  valuation.

Prerequisites

Before starting the lessons in this chapter, you should have basic knowledge of how to work and navigate in IFS Applications. Further, it is highly recommended that you peruse the Introduction lesson.

Chapter Length

The estimated time to complete this chapter is 2 hours.

Target Audience

This chapter is designed for anyone interested in an overview of the sub contract valuation process.

 

Create Valuation

This chapter includes instructions on how to create a sub contract valuation for an existing sub contract, how to valuate work and enter item valuation, how to review and complete a valuation and how to archive a valuation.

Prerequisites

Before taking the lessons in this chapter, you should have completed the Sub Contract Management course.

Chapter Length

The estimated time to complete this chapter is 2 hours.

Target Audience

This course is designed primarily for business system analysts within engineering, or for employees working within construction, contracting services, infrastructure, facilities management, asset management, defense contract manufacturing or any industry that is contract-oriented.

Receive Application for Payment

This chapter includes instructions on how to enter item application values and summary application values.

Prerequisites

Before taking the lessons in this chapter, you should have completed the Create Sub Contract chapter.

Chapter Length

The estimated time to complete this chapter is 1 hour.

Target Audience

This course is designed primarily for business system analysts within engineering, or for employees working within construction, contracting services, infrastructure, facilities management, asset management, defense contract manufacturing or any industry that is contract-oriented.

Certify Valuation

This chapter includes instructions on how to enter item certificate values, summary certificate values and how to certify a valuation.

Prerequisites

Before taking the lessons in this chapter, you should have completed the Receive Application for Payment chapter.

Chapter Length

The estimated time to complete this chapter is 1.5 hours.

Target Audience

This course is designed primarily for business system analysts within engineering, or for employees working within construction, contracting services, infrastructure, facilities management, asset management, defense contract manufacturing or any industry that is contract-oriented.

Receive Invoice on Sub Contract

This chapter includes instructions on how to match supplier invoices with sub contract and to manage posting proposal.

Prerequisites

Before taking the lessons in this chapter, you should have completed the Certify Valuation chapter.

Chapter Length

The estimated time to complete this chapter is 2.5 hours.

Target Audience

This course is designed primarily for business system analysts within engineering, or for employees working within construction, contracting services, infrastructure, facilities management, asset management, defense contract manufacturing or any industry that is contract-oriented.

Payment

This chapter includes instructions on how to make, enter and match supplier payments for the sub contract.

Prerequisites

Before taking the lessons in this chapter, you should have completed the Receive Invoice on Sub Contract chapter.

Chapter Length

The estimated time to complete this chapter is 0.5 hours.

Target Audience

This course is designed primarily for business system analysts within engineering, or for employees working within construction, contracting services, infrastructure, facilities management, asset management, defense contract manufacturing or any industry that is contract-oriented.