CHS Seminar Lesson 5: Change Orders, Allowances, Effects On ECC, And Contract Balance

This video includes information about creating Change Orders, issuing Change Order Purchase Orders (or Work Orders), posting a Payment Received For The Change Order, AND info on Allowances (or Options) Over and Under adjustments. It ALSO includes the effects of Change Orders and Allowance Adjustments on the current Estimated Costs At Completion, on the Job Cost Variance Reports, on the Profit Status of the Job, AND the effects on the Contract Price and the resulting Contract Balance Report.