Procore's Commitments tool is a comprehensive solution for managing contracts and purchase orders in construction projects. It offers real-time visibility into the status and value of all financial commitments, enabling efficient collaboration and financial control. The tool streamlines processes from contract creation to payment applications, integrating seamlessly with other Procore features to provide a unified platform for construction financial management.

Key Features

Real-time Financial Visibility

• View current status and value of all contracts and purchase orders
• Track approved contracts and monitor invoice and payment statuses

Customizable Contract Management

• Create and customize company contract documents
• Ensure consistency across projects with standardized templates

Mobile Accessibility

• Access contract information from Procore's mobile apps
• View subcontractor scope documents in the field

Change Management Integration

• Seamlessly manage potential cost impacts
• Create change events directly from RFIs or mobile app

Electronic Signatures

• Integrate with DocuSign for efficient document signing
• Sign contracts anytime, anywhere on internet-enabled devices

Benefits

Improved Efficiency

• Streamline contract creation and management processes
• Reduce time spent on paperwork and manual tracking

Enhanced Collaboration

• Facilitate better communication between project stakeholders
• Provide controlled access to contract information for relevant parties

Reduced Risk

• Ensure consistent contract documentation across projects
• Track potential cost impacts and changes in real-time

Financial Control

• Monitor budget impacts and profitability in real-time
• Streamline billing and payment application processes