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Payment Applications 101: A Guide to Pay Apps in Construction

Fieldwire

But a pay app is actually a collection of supporting documents that first and second tier contractors submit to request payment. The construction contract will typically define the process for submitting a pay app, the documents to include, and the deadline for submission. Contractors get paid for the work they document.

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The importance of keeping construction daily logs for every site activity

Lets Build

Skipping these logs increases your risk of a small issue becoming a massive one because no one documented it. Protect yourself from disputes In the face of a dispute, you need a foolproof trail of documents to protect yourself and your company. Free eBook: Quick guide to Lean practices for construction professionals 2.

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Sage Intacct Construction Brings Financial Management to the Cloud

Construction Junkie

There are a ton of moving parts on each project, from the estimate, to ordering materials and equipment, to billing, and having that information where and when you need it can make all the difference. The interview also includes a demo of Sage Intacct Construction, so you can see exactly how it works.

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Building beyond boundaries: BIM and the data revolution in construction

Fieldwire

This not only hinders productivity but also increases the likelihood of errors, change orders, and delays during construction. There is also a need to overcome resistance to change within the industry. These platforms offer centralized hubs for real-time collaboration, document management, and workflow tracking.

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3 ways to avoid defects in construction

Lets Build

Material defects. Material defects happen when building material gets damaged—whether the defects come straight from the manufacturer or the damage occurs on site. These types of defects can be particularly expensive; it’s not uncommon to only notice material defects after a contractor uses them in the project.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

They manage multiple projects, purchase a large quantity of materials, and work with a variety of subcontractors and vendors. Process Change Orders Quickly. Most construction orders begin with a contract. Or, the customer wants to make a change to what was initially discussed. Automate P2P.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

They manage multiple projects , purchase a large quantity of materials, and work with a variety of subcontractors and vendors. Process Change Orders Quickly. Most construction orders begin with a contract. Or, the customer wants to make a change to what was initially discussed. Automate P2P.