Construction project contract overview

The Construction industry uses specific terminology that can differ from Sage Intacct terminology. Understand how Sage Intacct terms align with Construction industry terms.

You can then change Sage Intacct terminology to match Construction industry terms. For example, you can change Project to Job.

Associate a project contract and its corresponding project contract lines with a project to capture a mix of billable details and include those details into your construction project billing.

With project contracts, you can:

  • Use different billing types (such as time and materials and progress bill) on one project.
  • Map project tasks (cost codes) to project contract lines so that billable expenses are attributed to the correct project contract line automatically.
  • Bill project contract lines using OE transaction definitions that create invoice formatting similar to the American Institute of Architects (AIA) invoice format.
  • Associate project change orders with project contract lines to capture and include the value of those project changes into project billing.
  • Apply rate tables and markups to:
    • Timesheet entries
    • Purchasing entries
    • Accounts Payable entries
    • General Ledger entries
    • Credit card transactions
    • Employee expenses

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