Change Orders

Simplify the process of overseeing change orders in construction projects using the Cost Management's Change Order tool. This tool offers efficient tracking of change orders through the approval process, providing insights into cost item impacts and historical reference points. Streamline your change order management for more effective project control.

To effectively work with change orders:

Get familiar with the basic change order workflow which is a part of financial Cost Management workflow:

PCO (Potential Change Order) is a starting point of the change order workflow. All change orders can be generated from the PCOs (Potential Change Orders) on the PCO tab. SCOs and RFQs can also be generated from the cost items.

The different change order types are related in that:

As a result, within Cost Management:

Tip: You can also work with the Collaborative Potential Change Order workflow.

Select a card to see the ways that you can work with the Change Order tool:

Change Order Tables and Columns

The values populate and move across the columns in the change order tabs. Click the gear icon to see all available columns.

Here is a handful of helpful examples:

The change order tables provide detailed information on cost items, including the associated change order number. By clicking each number, you will be redirected to the specific tab where the corresponding change order is located. A flyout panel will open to provide further details.

Note: Members with collaborative access don't see columns with associated change orders.

Foreign Supplier Change Order Management

Once the foreign currency is set up, change orders can be entered and managed in the currency of the foreign supplier as the project progresses. The system will automatically recognize the currency set for a supplier within their contract. When a potential change order (PCO) arises, you or the supplier (with the appropriate permission level) can generate a PCO.

Link a cost item with a contract awarded in foreign currency to:

The Estimated, Submitted, and Approved values will always be entered in base currency. Yet, you’ll see changes in the Proposed and Committed values. The base currency will be displayed with the icon next to it. Hover over it to see or edit the exchange rate:

You can also manage this information within the Cost Item’s flyout panel. First, select the item to open the flyout panel, then scroll to the Cost Summary section. Then, select the Proposed or Committed columns. Toggle between the two currencies and edit the exchange rate whenever needed.

You can copy values from the Estimated, Submitted, and Approved columns. Those values will be converted from the base to the foreign currency.

Tip:

  • Each cost item has an independent exchange rate of Proposed and Committed. When there are different currencies for cost items, the exchange rate is displayed as "Multiple".
  • When generating a new contract from a PCO or cost item, you can choose the currency, edit the exchange rate, and copy the value from the Estimated column. The icon shows converted value.

More Resources

Check out our video course to learn more about managing change orders in Cost Management.

Note: You will need to register to access this free course content.