Primavera Contract Management:
Payment Requisition Module

Payment Requisitions or Progress Payments are formal requests for payment. Progress can be recorded at the Contract or Purchase Order line item level, and also against approved Change Orders. This module has been designed to streamline and manage the process of requesting, approving, and processing payments related to project contracts. It helps ensure that payment requests are accurate, documented, and processed efficiently and in a timely manner, contributing to effective project financial management and maintaining positive relationships with contractors and suppliers. Ensure that your payments are made properly and in accordance with contractual terms including holdback release and retainage.

Here, go through a quick overview of the Progress Payment module.