Statuses for GC:
Draft - When a Change Event is just created.
Awaiting Acceptance - When a Change Event is posted with Change Event Amount entered by the GC.
Authorized - Update Contracts - When the Change Event is authorized by the client and the GC is yet to update the vendor & client contracts.
Revise & Resubmit - When Client sends a Change Event back for revision.
Rejected - When Client rejects a Change Event.
Active - When Client has approved a Change Event and the GC has updated the Change Event related Client & Vendor Contracts.
Awaiting Trade Quote - When GC is awaiting quote reply from vendors for one or more budget items.
Quote Received - When vendor/subcontractor has submitted quotes for all requests.
Statuses for Client:
Awaiting Acceptance - When a Change Event is awaiting acceptance from the GC.
Authorized - When Client authorizes a Change Event.
Sent Back for Revision - When Client performs ‘Revise & Resubmit’ for a Change Event.
Rejected - When Client rejects a Change Event.
Active - When Client has approved a Change Event and the GC has updated the Change Event related Client & Vendor Contracts.
Statuses for Vendor:
Awaiting Quote: When GC requested quotes for one or more budget items and they’re yet to be submitted
Quote Sent: When vendor/subcontractor has submitted quotes for all requests
Last Updated: Dec-15-24