Understanding Constructable's financial model

Constructable connects contracts, billing, costs, and forecasts so teams can follow money from planned scope through actual payment.

Best for: Everyone using Financial Tools · Outcome: Understand which record owns each amount.

The most important distinction is owner-side revenue versus vendor-side cost:

• The Prime Contract, PCOs, and Owner invoices track revenue.
• Commitments, Purchase Orders, COs, and subcontractor invoices track committed costs.
• Receipts track costs outside a Commitment.
• The Budget sets cost expectations.
• The Budget Report combines those sources into a current financial view.

In the recurring example, the concrete Commitment is a cost while the Prime Contract is revenue. The added-foundations Change Event may create both a vendor CO and a PCO, allowing the project team to track cost and billing separately.

Do not use a new contract record simply to represent a monthly invoice. Invoices belong to the existing contract and its SOV.

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