IFS Projects - Sub-Contract Management


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

Target Audience

Those who need to be able to identify and state the essential decisions to be made, basic data and processes to use Sub Contracts and Valuations in support of IFS Sub Contract Management 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. Change Contracts for Sub Contracting
  12. Other Sub Contract Functionality

At the end of this course, the students will be 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: Basic knowledge of the Project and Sub Contract Management business processes

Courses: IFS Fundamentals, IFS Project Management

Exams: IFS Fundamentals (recommended)


IFS Academy Inquiry Text


  • Consultants

IFS Applications Version:

  • IFS Applications 10


  • Specialist


  • IFS Projects

Course ID: