What are Commitments?
Commitments are available as an Add-on feature in Pegasus intended for Owner-agency teams that want the full picture of their project's budget by tracking not only the construction Prime Contract, but contracts with other companies such as material suppliers or construction engineering consultants.
Commitments are contracts or direct purchases separate from the Prime Contract between a project owner and a business entity who is supplying a good or service.
Commitment Examples:
Construction engineering, project management, and inspection contracts
Material purchasing agreements between the owner and supplier(s)
Environmental services contracts
Right-of-Way services contracts
In short, Commitments are any contract within a project that is not the prime construction contract.
How do Commitments work?
Together, a project's Commitments and Prime Contracts make up the Project Budget.
With the Commitments featured enabled, users with the Manager permission can create Commitments from the Contracts page > Commitments tab. Once a Commitment has been added to a project, users can create Payments and Change Orders towards their Commitment.
View your project budget from the Analytics page > Budget tab.