Creating new loan draw applications automatically
Creating new loan draw applications manually
About updating costs in loan draw applications from change orders
About updating project costs automatically
Processing loan draw applications
To process a loan draw application:
- Open 3-8 Loan Draw Request.
-
Do one of the following:
- Automatically create the loan draw application.
- Manually create the loan draw application.
- If you have issued change orders for the job, update the loan draw application to reflect the effects of the change orders.
- Update the costs.
- You can then adjust the amounts in the Current cells, or the percent of work completed in Percent Completed cells.
- Calculate the project costs.
-
When you submit the loan draw application to the lender, do the following:
- In the Submitted text box, enter the date you submitted the request. If you leave the Submitted text box blank, Sage 100 Contractor enters the current date for you.
- On the Options menu, click Submit Application.
- Prepare the next loan draw application.
Tip:
When you print customer-facing documents, you can use the Save And Print menu option or toolbar button (
) to save changes to the record you're working with, and then display information from that record in the report-printing window. This means that you don't lose sight of the information you want to print. It remains in the data-entry window until you display a different record or close the window.