Maintaining Payment Estimate Information for a Contract

The Payment Estimates tab on the Contract Progress Summary includes a list of all the payment estimates recorded for the contract. A payment estimate is an estimated payment to the contractor for work performed on the contract. This can include a percentage of the total contract amount, a percentage of the total for a contract project, or payment for individual work items on the contract.

Each row includes an Actions button and current values in these fields:

To view or change information about a contract payment estimate, click the Number link on the payment estimate row, or select Open from the Actions menu on the payment estimate row. The system takes you to the Contract Payment Estimate Summary. See Maintaining a Contract Payment Estimate.

To add a payment estimate, click the Add Payment Estimate button. The system takes you to the Add Payment Estimate component. See Adding a Contract Payment Estimate.

Deleting a Payment Estimate

You can delete a payment estimate only if it is in Draft status. When you delete a payment estimate, the system also deletes all associations between the deleted payment estimate and Daily Diaries, DWRs, and DWR items. Any DWR item postings created for percentage of schedule items are deleted. If the payment estimate creation date was entered in the Estimate Processing Complete field on a contract time, the system clears value in that field. Finally, the system removes any allocation of contract funds and any encumbrance of securities for retainage for the payment estimate.

To delete a draft payment estimate from a contract, follow these steps:

On the Contract Progress Summary, click the Payment Estimates tab, and then select Delete from the Actions menu on the payment estimate row.

The system shades the row gray to indicate it is marked for deletion. To reverse the delete action, click the Undo button.
To save your changes, click the Save button.

The system deletes the payment estimate row and displays a message to confirm that your changes were saved in the database.