Tag: Collaboration in Construction

What to Focus On When Engaging Construction Contractors

What to Focus On When Engaging Construction Contractors

HOW TO CHOOSE THE RIGHT CONTRACTOR FOR THE JOB. Getting the building phase of a project right is likely to make the build go relatively smoothly. Get it wrong and cost blowouts, disputes, quality problems and acrimony will generally result. SO WHAT SHOULD YOU AVOID? ACCORDING TO MANY EXPERTS, THERE ARE SEVERAL AREAS WHERE THINGS […]

Payapps and Subcontractors

Payapps and Subcontractors

BETTER INFORMATION RESULTS IN FASTER PAYMENT APPROVALS At first it might be hard to draw the connection between the quality of information you provide to the builder and how it can affect your cashflow and payment. Imagine, a builder can receive thousands of progress claims a month.  Without a system like Payapps, claims are submitted via email […]

Make Payment Claims Easier For Your Subbies – And For Yourself!

Once a project’s underway, many construction companies get overwhelmed by the sheer effort of managing the payment claim process. It’s at least as difficult (in proportion) for the many smaller businesses that represent your subcontractors. Fortunately, there’s a smarter (and less risky) way to work for everyone – and it doesn’t involve changing your accounting […]

5 Ways to Generate Trust in Construction

5 Ways to Generate Trust in Construction

The majority of clients and head contractors say they can’t trust their subcontractors to any appreciable degree – 68% according to KPMG. Equally, subcontractors feel they can’t rely on their head contractors, citing a number of reasons from poor payment processes and contract complexity through to poor planning and communication. HERE WE TOUCH ON FIVE KEY PRACTICES […]

More than a buzzword: How collaboration can lead to growth in the construction sector

More than a buzzword: How collaboration can lead to growth in the construction sector

In the construction industry, we’re often thinking about risk and how we can mitigate it. The last two years of the COVID-19 pandemic have propelled ongoing issues into a heightened state, and left many organisations big and small struggling to meet project requirements, secure supplies and pay contractors and subcontractors on time. At Payapps we’re […]

Four Ways Construction Technology Improves Collaboration

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 industry continues to innovate, we’ve found that technology is doing more than just making certain processes easier. Below we highlight four ways we’ve seen innovative technology influence team collaboration and overall success. ‍ 1. SINGLE SOURCE OF TRUTH ‍Something that tends to slow teams down is when there is more than one version of a single document. We’ve all been there – you receive a spreadsheet and need to make edits, so you save a new version and make your changes. You may not want to delete older versions just in case, so you leave them in place. Once the spreadsheet passes through several hands, we now suddenly have 5 or 10 versions of the same document. At this point it’s impossible to tell which version is the “right” one. Not to mention the mess that occurs when you are emailing these documents back and forth, so they’re not being saved in a central location for easy access. ‍ Technology platforms can help alleviate this problem altogether. Services like Dropbox and OneDrive allow for one central location for all your documents to be saved and easily accessed by your team members. But even with a file sharing tool, you still likely have several versions of each important document floating around. This is where a platform like Payapps is so impactful for easy team collaboration. Payapps provides what we call the single source of truth. All your contract and billing data is saved in a single place in Payapps and matches what you see in your ERP system. Change orders, schedule of values, compliance documents and more are all stored right in the platform. There is no need to make edits to a spreadsheet and re-upload, nor do you have to go digging for that compliance documentation– it’s all in Payapps already. ‍ 2. SUPPLY CHAIN TRANSPARENCY ‍Clear, easy communication with your supply chain is paramount to running a successful business. And even if you have solid relationships and open lines of communication already set up, this is often a bottle neck that takes up valuable time and resources for your internal team. To preserve these internal resources, many builders are relying on transparency rather than back-and-forth communication. Payapps offers this transparency so that builders can easily communicate with their supply chain without ever opening their email or picking up their phone. The Payapps platform allows that visibility so folks can answer their own questions. Subcontractors who are concerned about a progress claim or variation can log into Payapps and see the status of all their claims. Likewise, builders can assess, approve, request information and more from within the platform. It’s true collaboration at its finest! ‍ 3. BETTER COMMUNICATION ‍Technology helps improve communication by easing some of the pressure your team may be experiencing. As deadlines loom and work piles up, it can be natural for team members to put their head down in an effort to get everything done. It can be dangerous for your team to work in isolation like this and can make them feel shut off from one another. Technology is never meant to replace your team’s communication with one another, but it can help streamline their workflow. Payapps, for example, is helping Accounts Payable teams access all the information they need to process pay apps without having to search through emails or old folders (physical or digital). Rather than relying on documents coming in via snail mail or fax machines, the information needed is all in one place. This serves as a single point of reference for teams when they do come together to collaborate. ‍ 4. TIME SAVING ‍Last but certainly not least, we know running your business smoothly has a lot to do with saving time and resources whenever possible. Though it may seem daunting to incorporate new tech – especially at a time like this – doing so can have a massive impact on your team’s time. Builders who switch to Payapps save an average of 50% of their accounting team’s time once they get up and running. Think of what your team could accomplish with that many additional labor hours!

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 industry continues to innovate, we’ve found that technology is doing more than just making certain processes easier. Below we highlight four ways we’ve seen innovative technology influence team collaboration and […]

Building Resilience in Construction Roundtables: Discussion Insights

Building Resilience in Construction Roundtables: Discussion Insights

In the rapidly evolving landscape of the Australian construction industry, many challenges confront businesses and professionals alike.  The sector, faced with labour shortages, rising costs, and intensifying competition, seeks to navigate the complexities of an industry under pressure.  Amidst these challenges lies the quest for resilience, a quality that could dictate the future trajectory of businesses within […]

Building trust with subcontractors and construction regulators in Queensland

On-Demand Webinar: Building trust with subcontractors and regulators

Watch our recorded webinar with special speaker Laura Hattin, an expert in building industry trust accounts, as she discusses the legislative requirements for construction projects in Queensland. As the trusted standard for managing progress claims, including calculating retention, Payapps is delighted to be helping builders, who operate in Queensland, understand these new requirements and their […]

What to Focus On When Engaging Construction Contractors

What to Focus On When Engaging Construction Contractors

HOW TO CHOOSE THE RIGHT CONTRACTOR FOR THE JOB. Getting the building phase of a project right is likely to make the build go relatively smoothly. Get it wrong and cost blowouts, disputes, quality problems and acrimony will generally result. SO WHAT SHOULD YOU AVOID? ACCORDING TO MANY EXPERTS, THERE ARE SEVERAL AREAS WHERE THINGS […]

Payapps and Subcontractors

Payapps and Subcontractors

BETTER INFORMATION RESULTS IN FASTER PAYMENT APPROVALS At first it might be hard to draw the connection between the quality of information you provide to the builder and how it can affect your cashflow and payment. Imagine, a builder can receive thousands of progress claims a month.  Without a system like Payapps, claims are submitted via email […]

Make Payment Claims Easier For Your Subbies – And For Yourself!

Once a project’s underway, many construction companies get overwhelmed by the sheer effort of managing the payment claim process. It’s at least as difficult (in proportion) for the many smaller businesses that represent your subcontractors. Fortunately, there’s a smarter (and less risky) way to work for everyone – and it doesn’t involve changing your accounting […]

5 Ways to Generate Trust in Construction

5 Ways to Generate Trust in Construction

The majority of clients and head contractors say they can’t trust their subcontractors to any appreciable degree – 68% according to KPMG. Equally, subcontractors feel they can’t rely on their head contractors, citing a number of reasons from poor payment processes and contract complexity through to poor planning and communication. We touch on five key practices construction […]

More than a buzzword: How collaboration can lead to growth in the construction sector

More than a buzzword: How collaboration can lead to growth in the construction sector

In the construction industry, we’re often thinking about risk and how we can mitigate it. The last two years of the COVID-19 pandemic have propelled ongoing issues into a heightened state, and left many organisations big and small struggling to meet project requirements, secure supplies and pay contractors and subcontractors on time. At Payapps we’re […]

Four Ways Construction Technology Improves Collaboration

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 industry continues to innovate, we’ve found that technology is doing more than just making certain processes easier. Below we highlight four ways we’ve seen innovative technology influence team collaboration and overall success. ‍ 1. SINGLE SOURCE OF TRUTH ‍Something that tends to slow teams down is when there is more than one version of a single document. We’ve all been there – you receive a spreadsheet and need to make edits, so you save a new version and make your changes. You may not want to delete older versions just in case, so you leave them in place. Once the spreadsheet passes through several hands, we now suddenly have 5 or 10 versions of the same document. At this point it’s impossible to tell which version is the “right” one. Not to mention the mess that occurs when you are emailing these documents back and forth, so they’re not being saved in a central location for easy access. ‍ Technology platforms can help alleviate this problem altogether. Services like Dropbox and OneDrive allow for one central location for all your documents to be saved and easily accessed by your team members. But even with a file sharing tool, you still likely have several versions of each important document floating around. This is where a platform like Payapps is so impactful for easy team collaboration. Payapps provides what we call the single source of truth. All your contract and billing data is saved in a single place in Payapps and matches what you see in your ERP system. Change orders, schedule of values, compliance documents and more are all stored right in the platform. There is no need to make edits to a spreadsheet and re-upload, nor do you have to go digging for that compliance documentation– it’s all in Payapps already. ‍ 2. SUPPLY CHAIN TRANSPARENCY ‍Clear, easy communication with your supply chain is paramount to running a successful business. And even if you have solid relationships and open lines of communication already set up, this is often a bottle neck that takes up valuable time and resources for your internal team. To preserve these internal resources, many builders are relying on transparency rather than back-and-forth communication. Payapps offers this transparency so that builders can easily communicate with their supply chain without ever opening their email or picking up their phone. The Payapps platform allows that visibility so folks can answer their own questions. Subcontractors who are concerned about a progress claim or variation can log into Payapps and see the status of all their claims. Likewise, builders can assess, approve, request information and more from within the platform. It’s true collaboration at its finest! ‍ 3. BETTER COMMUNICATION ‍Technology helps improve communication by easing some of the pressure your team may be experiencing. As deadlines loom and work piles up, it can be natural for team members to put their head down in an effort to get everything done. It can be dangerous for your team to work in isolation like this and can make them feel shut off from one another. Technology is never meant to replace your team’s communication with one another, but it can help streamline their workflow. Payapps, for example, is helping Accounts Payable teams access all the information they need to process pay apps without having to search through emails or old folders (physical or digital). Rather than relying on documents coming in via snail mail or fax machines, the information needed is all in one place. This serves as a single point of reference for teams when they do come together to collaborate. ‍ 4. TIME SAVING ‍Last but certainly not least, we know running your business smoothly has a lot to do with saving time and resources whenever possible. Though it may seem daunting to incorporate new tech – especially at a time like this – doing so can have a massive impact on your team’s time. Builders who switch to Payapps save an average of 50% of their accounting team’s time once they get up and running. Think of what your team could accomplish with that many additional labor hours!

In the realm of construction, technology’s role in facilitating collaboration and streamlining processes, especially in the context of progress claims, cannot be overstated. By delving deeper into the four pivotal areas, we can uncover how technology, particularly platforms like Payapps, simplifies these processes, enhancing efficiency and transparency between contractors and subcontractors.   1. SINGLE SOURCE […]

Building Resilience in Construction Roundtables: Discussion Insights

Building Resilience in Construction Roundtables: Discussion Insights

In the rapidly evolving landscape of the Australian construction industry, many challenges confront businesses and professionals alike.  The sector, faced with labour shortages, rising costs, and intensifying competition, seeks to navigate the complexities of an industry under pressure.  Amidst these challenges lies the quest for resilience, a quality that could dictate the future trajectory of businesses within […]