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When applying a template to a job in the Construction Claims screen, the percentages set in the template refer to the Contract Value field to calculate the precise values of each claim stage.
Example:If For example; if the Contract Value is filled in on the Building Contract Document screen as $200,000, then when the Framework standard claims template is applied, the total for each claim will be created as;
# | Stage | Name | Total | % of Contract Value |
|---|---|---|---|---|
1 | Contract | Contract Deposit | $6,000 | 3 |
2 | Base | Base Completion | $20,000 | 10 |
3 | Frame | Frame Completion | $30,000 | 15 |
4 | Lockup | Lockup Completion | $70,000 | 35 |
5 | Fix | Fix Completion | $50,000 | 25 |
6 | PC Inspection | Completion | $24,000 | 12 |
As the Claims Templates can be created to match the stages and percentages that are applied in the standard contract, the values need not be calculated manually, saving time and improving accuracy.
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The first calculation can be done on the Building Contract Document screen, by selecting a Duration Start Method and an entering an Initial Duration. Once the selected method has a date, the Anticipated Completion date will be calculated.
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| If the Duration Start Method is Site Start and the Initial Duration is set to 200 calendar days, when the Site Start date of 1/6/ |
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| 2019 is entered, the Anticipated Completion date will automatically calculate to 18/12/ |
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| 2019. |
This Anticipated Completion date can be influenced by other factors:
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The number of days after the selected method for which duration starts.
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If the contract states that the duration is officially started 3 weeks after Ordering has been ordered, then;
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Tender Programme Impact
Tender Programme Impact is the sum of tender impact days that have been identified in the tender document.
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