Procore For Government

Eliminate disconnected spreadsheets and information silos by unifying all project financial data onto a single, collaborative platform. Procore for Government's Financial Management tools connect the budget, prime contract (or funding), commitments, and change orders, allowing every stakeholder to work with the same information.

Project Financials Tools

Authorized users can access Procore for Government's Financial Management tools from the project navigation menu.

Key Solutions

Key solutions include:

Budget Management

Key Tool: Budget

The core of the solution is the Budget, which serves as the single source of truth for the project's financial plan. Users can create a detailed budget with specific line items, lock it to prevent unauthorized changes, and track all costs against it. The system automatically updates budget data as costs are incurred and changes are approved, providing a current view of project financial health.

Prime Contract / Funding Management

Key Tools: Prime Contracts / Funding

The Prime Contracts tool (also called the Funding tool, for owners) manages the master agreement with the project owner, serving as the single source of truth for all project revenue. It's built around a detailed Schedule of Values (SOV), which breaks down the total contract into billable line items and is used as the basis for generating owner invoices.

Cost & Commitment Tracking

Key Tools: Commitments, Direct Costs

The Commitments and Direct Costs tools provide a centralized place to manage all expenditures, from formal commitments (e.g., subcontracts and purchase orders) to miscellaneous direct costs (e.g., field purchases), allowing users to log every expense against its corresponding budget code.

Change Management

Key Tools: Change Events, Change Orders

Procore for Government offers a structured workflow for managing changes that impact a public sector project's scope, budget, and schedule. The process tracks issues from a Potential Change Order through to an approved Change Order, which automatically updates both the prime contract (or funding) and the project budget, creating an audit trail.

Invoice Management

Key Tools: Prime Contracts / Funding, Commitments, Invoicing

Using the prime contract's (or funding's) SOV, users can generate payment applications to send as a bill to the project owner. Simultaneously, the solution can be configured to manage incoming invoices from subcontractors against their commitments, allowing users to approve and track payments and retainage.