IFS Projects - Sub Contract Management

About this course

This is one of the courses towards gaining the IFS Certified Specialist accreditation for Consultants. It enables students to cover and prepare all of the examination topics for the Sub Contract Management exam.


Those who need to be able to identify and state the essential decisions to be made, basic data to be created and processes involved in the setting up of Sub Contract Management in support of IFS Projects in IFS Applications™.
  1. Introduction to Sub Contract Management
  2. Create Sub Contract
  3. Activate Sub Contract
  4. Modify Sub Contract
  5. Create Valuation
  6. Process Valuation
  7. Analyze Sub Contract
  8. Retentions, Discounts, Deductions
  9. Sub Contract and Project
  10. Multiple Currencies
  11. Other Sub Contract Functionality
At the end of this course, the students are able to:
  • Understand benefits and uses of Sub Contracts
  • Create Sub Contracts
  • Develop and Activate Sub Contracts
  • Modify Sub Contracts
  • Prepare Valuations
  • Process Valuation through invoicing
  • Analyze Sub Contracts
  • Use Retentions, Discounts and Deductions with Sub Contracts
  • Use Sub Contracts with Projects
  • Use Multiple Currencies on Sub Contracts
  • Know of all other Sub Contract functionality

Knowledge: Perfect understanding of project and sub contract management business processes.

Courses: IFS Fundamentals, IFS Project Management

Exams: IFS Fundamentals


IFS Academy Inquiry Text



  • Consultants


  • Specialist




1 Day