Overview

A Prime Contract is a legal agreement between the party funding the construction project (Owner or Client) and the party ensuring completion of the work (General or Primary Contractor). In Pegasus, Prime Contracts are an optional tool for your projects you can add a single Prime Contract for each project created.

COMING SOON: You will be able to add multiple prime contracts to a single project.

Rules

*Users must have the Manager Permission set in order to create and modify a Prime Contract.

**Users with Field and View Permissions sets can view Prime Contract information only.

Statuses

Prime Contracts, once created in Pegasus begin in the Draft Status. While in Draft Status, Manager permission users can modify/edit and delete Prime Contracts as needed.

Once the necessary information has been added to the Prime Contract, users with the Manager permission can Approve the Prime Contract.

Approving the Prime Contract prevents it if from further modification and contractor pay items will be displayed in the project to report against and create invoices or pay applications.

Create a Prime Contract

Select your project from the My Projects page and navigate to your Project's Contracts page.

From the Prime Contract tab select the Create button.

From the side menu enter the following information:

Number: This can be a PO#, Contract number, etc.
Contractor: The general or prime contract awarded the construction contract.
Title: The name or description of the Prime Contract (used to identify the contract).
Advanced Settings: Job Sites, Strict Contract Amount, Multiple Funding Sources - Read more on these settings here.

Select the Save button.