Process

  1. Select the project from the project list that you wish to add funding sources to

  2. Click the Project Navigation dropdown menu > select Project Settings

  3. Click Funding Sources tab to access the project details

  4. Click Create New Funding Source

  5. Enter funding details:

  • Select Provider, and indicate whether they are an On System (Connection / Invite) or Off System. This will affect the options for the next field.

  • Select Funding Company:

    Connection / Invite: Connect to an existing INGENIOUS.BUILD user with an account, or send an invite to your client / investor to sign up and create their own INGENIOUS.BUILD account to share funding sources data on-system

    Off System: Select the name of your client’s / investor's company and project contact without sending an invite or connection for the client to join the project thru an INGENIOUS.BUILD connection

  • Contact Person: enter name of contact representing the funding source(s). Note that you can change this contact at any time throughout the project.

  • Funding Method:
    -Select Project Specific if the funding source is only associated to this project

OR

-Select Capital Fund if the funding source is tied to larger capital or a program fund. This will allow you to use the funding source again for another project tied to the same owner/client/program. The amount of money left within the Capital fund will be directly affected by the project budget.

  • Funding Source Name: enter the name you wish to associate the funding source with (ex: Client, construction loan, equity...etc)

  • Account Number: enter the funding source account number if-applicable

  • Unallocated Funds (if-applicable): enter the amount of money the Capital Fund has left over that is not allocated to this project's fund. This unallocated $ amount will be available as a Capital Fund for a later project that is connected to the program.

  • Allocation to Project:
    - enter the lump sum $ amount that this source will have allocated to the project
    OR
    - click the calculator icon to build out the details of the funding source:

  • My Files: upload any back-up documents for this funding source

6. Click Save. The funding source will be listed with the details of the latest status of funding source.

Next Steps

Configure Project Hours

See Also

Managing Project Funding Sources

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