The ABM Subcontractor Claims module allows you to enter subcontractor claims against a job or a project. Subcontractors must be a supplier in ABM, to assign them to ABM Jobs or Projects, allowing the processing of interim applications for work done up to a particular date. In other words, you can enter a claim as a supplier invoice from further tracking.
The module can handle claims from both a primary or a subcontractor supplier and so whether you are the main contractor or a subcontractor, ABM manages your interim requests.
Users can quickly enter subcontractor work by the job, into separated cost centres and, or stages for easy identification of progress costs and analysis. Details such as work and tax rates relevant to the ATO for tax and claim purposes, for example, are calculated within seconds.
The flexibility in progress claims means that subcontractor costs can be processed in cumulative or period claim amounts, and can easily adjust for and manage variations as they occur such as discounts. After that, each claim in ABM provides a unique reference number for tracking purposes.
If you are the subcontractor, then ABM will allow you to produce interim payment applications to the main contractor. Similarly, ABM can accurately record retention amounts retained by the main contractor and will prompt for the release of any balance of the value of the retention at the end of a retention period.
Please feel free also to have a look at Job & Time Sheeting.
In conclusion, if you like to learn more, or want a more in-depth demo of how the ABM Subcontractor Claims module works? Then contact us, and we will gladly assist.
INTERESTED IN EXPLORING HOW ABM CAN SOLVE SUBCONTRACTOR CLAIMS FOR A JOB OR A PROJECT?
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