• Home /
• VSTA-I-1531 /
• New Suggestion

10 Vote

Ability to novate (transfer) subcontract in progress to new Vendor

Currently when a subcontractor changes their legal entity (ie ABN in Australia) the balance of an in progress subcontract is required to be transferred to the new vendor. We create a new subcontract and transfer the remaining original contract sum and change orders (variations). When there is a large number of variations this is a very time consuming process. It is not possible to simply update the details in the vendor master as it is a requirement of the Australia Taxation Office to report payments to subcontractors by their ABN. Is there any easier way to do this currently or a possible fix in the future.

• Rebecca Reid
• Nov 5 2019

Vista Apps / SL - Subcontract Ledger

Company	Perkins Builders
Job Title / Role	Finance Manager
I need it...	6 months

• Comments (1)
• Votes (10)

• Attach files

  Enter a subject
• 
  Yvonne Caruso commented

  November 12, 2019 13:58

  This would also be helpful if the subcontractor defaults, and a new contractor agrees to completing the balance of their contract.

  Attachments Open full size

• 
• 
• 
• 
• 
• 
• 
• 
• 
• 

Log in / Sign up

Identify yourself with your email address

Email address

Subscribe

You won't be notified about changes to this idea.

Related Suggestion

Dear Viewpoint Suggestion Box contributor;

We at Viewpoint sincerely thank you for your contribution to Suggestion Box on how we can improve Viewpoint products. While we can’t do everything at once, we rely upon your feedback to help guide the prioritization of our product improvements, and Suggestion Box is a critical tool for us to understand and prioritize our customers’ needs. Viewpoint reviews Suggestion Box regularly for all of our products and updates statuses, adds comments, and performs various house-keeping (including deleting) as needed to ensure that Suggestion Box is maintained as a productive environment for product enhancements requests.