Retainage. How can one word inspire so much anxiety? On paper, the practice should be simple enough. Retainage is a powerful strategy for getting subcontractors to complete their work on time and to the satisfaction of the contract. But for
To streamline payments between general contractors and their subcontractors, pay app software solutions automate and standardize the payment management process.
See how much time and money you are actually wasting on your current application for payment process. Check out the Cost-benefit Calculator.
When it comes to processing construction applications for payment, “technology” and “collaboration” may not be the first words that come to mind. As the construction
In an industry as complex and competitive as construction, it’s vital to maintain a productive and efficient project workflow. General contractors and subcontractors have shared
Technology has taken off in the construction industry around project management, BIM, finance, and safety solutions. But, there’s still an area where the process remains
Processing Applications For Payment, or pay apps, should be easy. Subcontractors complete work as assigned and submit their pay apps accordingly. So why has this
Construction projects contain lots of moving parts, people, materials, and processes with very tight margins. Thanks to COVID, the industry is facing serious challenges like work restrictions
We recommend these 5 actions for general contractors to gain control and remove process-based headaches.
Lien waivers, also called lien releases, are an essential part of the construction industry. Lien waivers were designed to protect the paying party – typically the
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