(PROCORE) FINANCIAL MANAGEMENT TOOLS WITH VERIFIED CORRECT ANSWERS

True or False: You can upload your budget into Procore by using a designated import template. True True or False: A Budget Modification allows you to move budgeted costs to different line items. True Brainpower Read More What does the "Forecast to Complete" column show? Money that you expect to be spent in addition to the projected costs in order to complete that scope of work How do you create a schedule of values in Procore's Prime Contract tool? 1. Import the schedule of values (SOV) from a CSV file 2. Copy the schedule of values from the budget 3. Manually add each line item Which of the following accurately describe the Prime Contract? A Place where you can manage all contract-related work and share financial data with your owner or client True or False: Subcontracts with the status of Out for Bid or Out for Signature will be reflected on the budget. False True or False: When creating a purchase order and filling out the contract company, you must select a vendor/company who exists in the project directory. True A purchase order with which of the following status will appear in the Committed Costs column on the budget? Approved When should you create a change event? Once you think an issue may have a cost associated with it True or False: A change event listed as "Out of Scope" means that the change falls within the scope of the original contract. False