Managing Allowances with Change Events

A practical way to manage project allowances in Procore using Change Events. In this video, we walk through setting up an allowance, tracking the actual costs, and reconciling the final amount through the change management process. #Procore #ProcoreTips #ConstructionManagement #ConstructionTechnology 00:00 – Introduction: Managing Allowances in Procore 02:11 – Set Up a Change Event for the Allowance 03:45 – Pre-Populate the Allowance Credit 05:39 – Track Actual Allowance Costs 08:55 – Keep Allowances Updated Month to Month 10:45 – Create a Potential Change Order (PCO) 12:21 – Convert the PCO to a Prime Contract Change Order 14:11 – Review Your Change Order Summary 15:01 – See the Impact on Your Budget 16:46 – Build a Custom Allowance Reporting View 18:15 – Close Out the Allowance