Warranty Letter – a letter sent to a Subcontractor once they have 100% billed on a project. This letter is a promise made by the contractor responsible for the work performed under a contract that the work performed is fit for the purpose intended and is free from structural, electrical, mechanical and other defects.
Will Start Soon – when a GC sets a project to Will Start Soon, a job setup report will be sent to their Accountant with basic project information (contract amount, owner contract information, etc). From this point on, the GC can only move a project forward. In this phase of the project, the GC will create their accounting budget. The GC can also perform the initial buy out of the project. Subcontracts and POs are available in this phase. Once the accounting budget is accurate, the GC can promote the project to In Progress.