Ditching Spreadsheets, Embracing Specialised Construction Technology
Discover how the construction industry is evolving by ditching spreadsheets and embracing specialised technology for better collaboration.
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 […]
De-Risking Your Construction Supply Chain
A must-read for construction contractors and industry professionals keen on effectively managing project risks.
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 […]
On-demand Webinar: Improve Cost Management and Cash Flow for Your Construction Projects
Research by KPMG found that just 31% of all construction projects came within 10% of their initial budgets. With rising costs and inflationary pressures, it has become more challenging for construction businesses to deliver projects on time, on budget while maintaining profit margins. Furthermore, poor cash flow impacts solvency and supplier relationships. Improving project finances […]
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 […]
Building Back Better
The construction industry has faced significant challenges in the past year due to the COVID-19 pandemic. Shutdowns and social distancing measures have caused delays and disruptions, and many businesses struggle to adapt. However, Payapps, a leading payment management platform, is working to help the industry “build back better” by streamlining payment processes and improving transparency. […]
Advance Payments in Construction – What Are They and How Can They Be Managed?
Advance payments, once unheard of within the Construction industry, are starting to become a little more commonplace. But what are they and what is their purpose? The benefits of advance payments in construction Essentially, an advance payment is any money paid to a contractor or subcontractor to provide a service before the work or service […]
Your Guide To Minimising Construction Project Delays
Let’s get the bad news out of the way first. Then the good news – and there is good news – can be placed in the right context. Delays in construction projects are a fact of life. In fact, they are an inevitable and unwelcome reality as one of the most common problems associated with […]
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 […]
Responding to Requests Under the Security of Payments Act
TIME FRAMES AND THE SECURITY OF PAYMENTS ACT THE SECURITY OF PAYMENTS ACT WAS PUT IN PLACE PRIMARILY TO ENSURE QUICKER PAYMENT FOR BUILDERS, BUT THERE ARE TRAPS FOR THE UNWARY IN THIS AREA THAT CAN HAVE SEVERE CONSEQUENCES. The regime provides a method for a builder to be paid for work done in a […]
Making EoFY easy for construction businesses
If you feel like the lead-up to the end of financial year (EoFY) is always a mad rush, we’re here to help make the process easier for you. In this article, we give you all the tips and tricks you need to simplify your admin and get your finances in order before June 30. With […]
Simpler, faster and fairer: a level playing field for construction
The construction industry is becoming more complex, exacerbated by the increased size of projects, global forces, and market challenges. Complexity can lead to increased risks, and it is critical that risks are allocated fairly between parties, rather than simply be shifted around to those least able to manage them. Contracts help protect all parties, define […]
Improve Cost Management and Cash Flow for Your Construction Projects
Research by KPMG found that just 31% of all construction projects came within 10% of their initial budgets. With rising costs and inflationary pressures, it has become more challenging for construction businesses to deliver projects on time, on budget while maintaining profit margins. Furthermore, poor cash flow impacts solvency and supplier relationships. Improving project finances […]
Building Back Better
The construction industry has faced significant challenges in the past year due to the COVID-19 pandemic. Shutdowns and social distancing measures have caused delays and disruptions, and many businesses struggle to adapt. However, Payapps, a leading payment management platform, is working to help the industry “build back better” by streamlining payment processes and improving transparency. […]
Your Guide To Minimising Construction Project Delays
Let’s get the bad news out of the way first. Then the good news – and there is good news – can be placed in the right context. Delays in construction projects are a fact of life. In fact, they are an inevitable and unwelcome reality as one of the most common problems associated with […]
Advance Payments in Construction – What Are They and How Can They Be Managed?
Advance payments, once unheard of within the Construction industry, are starting to become a little more commonplace. But what are they and what is their purpose? The benefits of advance payments in construction Essentially, an advance payment is any money paid to a contractor or subcontractor to provide a service before the work or service […]
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 […]
Responding to Requests Under the Security of Payments Act
TIME FRAMES AND THE SECURITY OF PAYMENTS ACT THE SECURITY OF PAYMENTS ACT WAS PUT IN PLACE PRIMARILY TO ENSURE QUICKER PAYMENT FOR BUILDERS, BUT THERE ARE TRAPS FOR THE UNWARY IN THIS AREA THAT CAN HAVE SEVERE CONSEQUENCES. The regime provides a method for a builder to be paid for work done in a […]
How Digital Adoption Drives Financial Resilience In Construction
Technology is helping construction companies improve cash flow and reduce late payments – offering greater financial resilience and enhanced business health in a challenging economy. In the fast-paced and dynamic world of construction, staying ahead of the curve is crucial for businesses aiming to thrive and flourish. Our recent research highlights the powerful impact of […]
Making EoFY easy for construction businesses
If you feel like the lead-up to the end of financial year (EoFY) is always a mad rush, we’re here to help make the process easier for you. In this article, we give you all the tips and tricks you need to simplify your admin and get your finances in order before June 30. With […]
Simpler, faster and fairer: a level playing field for construction
The construction industry is becoming more complex, exacerbated by the increased size of projects, global forces, and market challenges. Complexity can lead to increased risks, and it is critical that risks are allocated fairly between parties, rather than simply be shifted around to those least able to manage them. Contracts help protect all parties, define […]
Simpler, Faster and Fairer: The importance of allocating risks fairly between parties on construction projects.
The construction industry is becoming more complex, exacerbated by the increased size of projects, global forces, and market challenges. Complexity can lead to increased risks, and it is critical that risks are allocated fairly between parties, rather than simply be shifted around to those least able to manage them. Contracts help protect all parties, define […]
De-Risking Your Construction Supply Chain
A must-read guide for head contractors and industry professionals keen on proactively preventing or effictively managing project risks.