Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is meant by amount obligated and amount released on the subcontract screens?

April 26, 2017meant obligated released screens subcontract

0

Posted

What is meant by amount obligated and amount released on the subcontract screens?

1 Answer

0

Posted

Obligated amount is the amount to be awarded to the subcontract this year. Anticipated amount is the total amount that will be awarded to the subcontract. Amount released means the amount that has been billed from the subcontractor.