Overbilling Impacting NZ Construction Projects: Payapps Report Finds

A new report reveals a staggering 64% of construction projects, including those in New Zealand, are plagued by overbilling. This alarming statistic, unveiled in Payapps’ “Building the Future” report, highlights the urgent need for tighter financial controls and digital solutions in an industry already grappling with rising costs. Key Findings: Overbilling widespread: with 47% of […]

Survey Finding: Overbilling Impacting Over Half of Construction Projects

A new report reveals a staggering 64% of Australian construction projects are impacted by overbilling, further exacerbating the industry’s ongoing struggle with rising costs. The findings, published in Payapps’ “Building the Future” report, shed light on the widespread nature of this issue and the urgent need for streamlined financial controls. Key Findings: Overbilling is rampant: Almost […]

Kiwi Construction Firms Losing 10+ Hours a Week to Admin? It’s Time to Break Free

New Zealand’s construction sector is booming, but a critical challenge looms a severe shortage of skilled labour. Amidst this pressure, a new Payapps report reveals a startling fact: Kiwi construction companies are three times more likely to spend 10 or more hours per week on repetitive administrative tasks compared to those utilising specialised construction software. […]

10+ Hours Lost to Admin? It’s Time to Break the Cycle and Build the Future of Construction

The Australian construction industry is facing a perfect storm: a surge in demand coupled with a crippling labour shortage.  In this high-pressure environment, new research from Payapps reveals a staggering statistic: Aussie construction firms are spending three times more hours each week on repetitive administrative tasks than their counterparts who have embraced digital solutions.  That’s […]

Building Bridges, Not Barriers: Enhancing Collaboration in Construction

In the New Zealand construction industry, seamless collaboration is essential for success. Our article “Building Bridges, Not Barriers: Conquering the Collaboration Conundrum in Construction”, featured in the June 2024 issue of Built Environment Economist magazine, delves deeper into this topic. The synopsis below provides an overview of how technological solutions like Payapps are modernising the sector, […]

Building Bridges, Not Barriers: Enhancing Collaboration in Construction

In the construction industry, seamless collaboration is essential for success. Our article “Building Bridges, Not Barriers: Conquering the Collaboration Conundrum in Construction”, featured in the June 2024 issue of Built Environment Economist magazine, delves deeper into this topic. The synopsis below provides an overview of how technological solutions like Payapps are modernising the sector, emphasising the […]

The Role of Main Contractors in Subcontractor Sustainability

In the construction industry’s complex ecosystem, subcontractors’ financial health is crucial for project success and overall industry resilience. Main contractors play a significant role in ensuring the stability of their subcontractors through ethical financial management and timely payments. Recent research highlighted by Business Scoop points to a concerning trend of a 28 per cent rise […]

The Role of Main Contractors in Subcontractor Sustainability

In the construction industry’s complex ecosystem, subcontractors’ financial health is crucial for project success and overall industry resilience. Main contractors play a significant role in ensuring the stability of their subcontractors through ethical financial management and timely payments. Recent research highlighted by ABC News points to a concerning trend of a 20 per cent rise […]

Perfect Your Payment Claims: Get Paid Faster & Avoid Disputes

In the construction industry, the preparation of a payment claim is more than a routine task—it’s a crucial step that ensures subcontractors are compensated in a timely manner for their efforts. Effective payment claims not only secure payments but also safeguard against contractual disputes. Here’s a comprehensive guide on how to prepare your payment claim, […]

Perfect Your Progress Claims: Get Paid Faster & Avoid Disputes

In the construction industry, the preparation of a progress claim is more than a routine task—it’s a crucial step that ensures subcontractors are compensated in a timely manner for their efforts. Effective progress claims not only secure payments but also safeguard against contractual disputes. Here’s a comprehensive guide on how to prepare your progress claim, […]

Secure Your Cash Flow: Importance of Submitting Accurate Payment Claims

Are you tired of chasing payments when you should be focused on your craft? Payment claims are your lifeline to a healthy cash flow, but if they’re full of errors, you’re not just delaying your income, you could be losing out on legal protections designed for your business. In the construction industry, payment claims are […]

Secure Your Cash Flow: Importance of Submitting Accurate Progress Claims

Are you tired of chasing payments when you should be focused on your craft? Progress claims are your lifeline to a healthy cash flow, but if they’re full of errors, you’re not just delaying your income, you could be losing out on legal protections designed for your business. In the construction industry, progress claims are […]

WA Security of Payments Act: Stage 3 Reforms in WA’s Construction Industry

The Building and Construction Industry (Security of Payment) Act 2021 (WA) has brought about significant legislative changes in Western Australia, fundamentally transforming the way payment disputes within the construction industry are handled. These changes, aimed at enhancing payment protections for all industry participants, mark one of the most substantial overhauls since the introduction of the […]

‘Pay Now, Argue Later:’ New Zealand Court Reaffirms Key Construction Principle

Is your construction business vulnerable to payment disputes? This court case offers a warning. A recent High Court decision in New Zealand has underlined a crucial principle within the construction industry: ‘pay now, argue later’. The case, Kitchener & Co (1989) Limited v Concrete Solutions Limited [2024] NZHC 653, highlights the importance of timely payments to prevent costly project […]

‘Pay Now, Argue Later:’ New Zealand Court Reaffirms Key Construction Principle

Is your construction business vulnerable to payment disputes? This court case offers a warning. A recent High Court decision in New Zealand has underlined a crucial principle within the construction industry: ‘pay now, argue later’. The case, Kitchener & Co (1989) Limited v Concrete Solutions Limited [2024] NZHC 653, highlights the importance of timely payments to prevent costly project […]

PropTech vDemo day by The Urban Developer

Webinar: PropTech Demo day by The Urban Developer

Innovative technology solutions have the potential to help businesses adapt and thrive in a fast-changing world. Our Senior BDM for Payapps, Nick Opasinis, recently joined a panel as part of The Urban Developer’s Proptech vDemo Day. The series brought together speakers who shared ways in which users can capitalise on technology platforms to better experience and extract […]

Design & Construction Contracts

Design & Construction Contracts

When it comes to building disputes, design and construct (D&C) contract disputes are a real conundrum. They are protracted, difficult to disentangle and fraught with unintended consequences. The D&C animal is a confusing and opaque beast and within the building industry has a tendency to mutate as rarely is one D&C contracting iteration similar to […]

Risk of Failing To Chase Payment

Risk of Failing To Chase Payment

In the construction industry, contractors often leave themselves vulnerable when it comes to chasing contractor payments. Many clients wait an average 8 months before even taking action against their overdue payments! This paves the way for Security of Payment disputes and places both income and profit at risk. Blog post originated by our good friends at Contractors […]

8-Point Guide to Project Management Software

8-Point Guide to Project Management Software

Construction business owners and project managers alike know how tough it can be to manage a project, but some are reluctant to change processes to find an easier solution to management. EXPLORE THE VALUE THAT CLOUD-BASED OPTIONS CAN BRING TO YOUR BUSINESS SCENARIO 1: WITHOUT PM SOFTWARE Before you have even had your morning coffee, […]

Poor Cash Flow Affects Your Business

Poor Cash Flow Affects Your Business

Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash flow can have just as negative an impact on your business as the financial costs. HERE ARE 8 WAYS POOR CASH FLOW COULD BE AFFECTING YOUR BUSINESS. 1. INCREASED INTEREST AND BANK CHARGES When having […]

PropTech vDemo day by The Urban Developer

Webinar: PropTech Demo day by The Urban Developer

Innovative technology solutions have the potential to help businesses adapt and thrive in a fast-changing world. Our Senior BDM for Payapps, Nick Opasinis, recently joined a panel as part of The Urban Developer’s Proptech vDemo Day. The series brought together speakers who shared ways in which users can capitalise on technology platforms to better experience and extract […]

Design & Construction Contracts

Design & Construction Contracts

When it comes to building disputes, design and construct (D&C) contract disputes are a real conundrum. They are protracted, difficult to disentangle and fraught with unintended consequences. The D&C animal is a confusing and opaque beast and within the building industry has a tendency to mutate as rarely is one D&C contracting iteration similar to […]

Risk of Failing To Chase Payment

Risk of Failing To Chase Payment

In the construction industry, contractors often leave themselves vulnerable when it comes to chasing contractor payments. Many clients wait an average 8 months before even taking action against their overdue payments! This paves the way for Security of Payment disputes and places both income and profit at risk. Blog post originated by our good friends at Contractors […]

8-Point Guide to Project Management Software

8-Point Guide to Project Management Software

Construction business owners and project managers alike know how tough it can be to manage a project, but some are reluctant to change processes to find an easier solution to management. EXPLORE THE VALUE THAT CLOUD-BASED OPTIONS CAN BRING TO YOUR BUSINESS SCENARIO 1: WITHOUT PM SOFTWARE Before you have even had your morning coffee, […]

Poor Cash Flow Affects Your Business

Poor Cash Flow Affects Your Business

Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash flow can have just as negative an impact on your business as the financial costs. HERE ARE 8 WAYS POOR CASH FLOW COULD BE AFFECTING YOUR BUSINESS. 1. INCREASED INTEREST AND BANK CHARGES When having […]