Tag: Project Management

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 […]

Improving Project Predictability with Modern Methods of Construction | IE

Improving Project Predictability with Modern Methods of Construction

The construction sector is typically accused of being slow to embrace change and adapt to new technology and methods, particularly when it comes to administration and the back office. There’s no denying, however, that in some areas of the trade the industry is making great strides. Modular construction is on the increase within both residential […]

Improving Project Predictability with Modern Methods of Construction I UK

Improving Project Predictability with Modern Methods of Construction

The construction sector is typically accused of being slow to embrace change and adapt to new technology and methods, particularly when it comes to administration and the back office. There’s no denying, however, that in some areas of the trade the industry is making great strides. Modular construction is on the increase within both residential […]

‘Getting It Right’ Extends Beyond Onsite | IE

'Getting It Right' Extends Beyond Onsite

The construction industry operates within the tightest of margins. As such, project delays and disputes can often occur due to many reasons. But, can technology play its part in helping work take place correctly, and why is it necessary to get it right the first time?   Construction projects – the cost of getting it […]

‘Getting It Right’ Extends Beyond Onsite I UK

'Getting It Right' Extends Beyond Onsite

The construction industry operates within the tightest of margins. As such, project delays and disputes can often occur due to many reasons. But, can technology play its part in helping work take place correctly, and why is it necessary to get it right the first time?   Construction projects – the cost of getting it […]

A Risky Business – Minimising Construction Project Delays | IE

A Risky Business - Minimising Construction Project Delays

When it comes to construction projects, delays tend to be an inevitable fact of life. Analysis of many wide-ranging reports that tackle the issue of construction delays reveals that almost a third of contractors anticipate their projects are subject to overrunning. Delays can hit anyone within the construction industry, ranging from primary contractors to consultants, […]

Construction Industry Disputes and Adjudication | IE

Construction Industry Disputes and Adjudication

Temperatures rise, relationships get threatened, arguments break out far too often, and a costly outcome for all parties isn’t far away. Whilst this could be describing a typical family holiday abroad, this article focuses on conflicts on construction projects. Disputes in the sector are far from an inevitable occurrence. But, they aren’t exactly a rarity […]

Construction Industry Disputes and Adjudication I UK

Construction Industry Disputes and Adjudication

Temperatures rise, relationships get threatened, arguments break out far too often, and a costly outcome for all parties isn’t far away. Whilst this could be describing a typical family holiday abroad, this article focuses on conflicts on construction projects. Disputes in the sector are far from an inevitable occurrence. But, they aren’t exactly a rarity […]

What is VAT Reverse Charge? I UK

What is VAT Reverse Charge?

From 1st March 2021, construction businesses in the UK have been included in the VAT Reverse Charge scheme, this bringing a big shift in how VAT is managed. Any VAT-registered business in the Construction industry should now be operating under the new rules, which is in effect an extension of the Construction Industry Scheme (CIS). […]

What is VAT Reverse Charge? | IE

What is VAT Reverse Charge?

From 1st March 2021, construction businesses in the UK have been included in the VAT Reverse Charge scheme, this bringing a big shift in how VAT is managed. Any VAT-registered business in the Construction industry should now be operating under the new rules, which is in effect an extension of the Construction Industry Scheme (CIS). […]

Maximising Margins in Construction I UK

Maximising Margins in Construction

When you break it down into the simplest of terms, construction firms have two main goals – to build and to make a profit while doing so. The first is the easy part, but the second seems to be a struggle across the industry. From a boom period experienced in the early 2010’s, profit margins […]

Maximising Margins in Construction | IE

Maximising Margins in Construction

When you break it down into the simplest of terms, construction firms have two main goals – to build and to make a profit while doing so. The first is the easy part, but the second seems to be a struggle across the industry. From a boom period experienced in the early 2010’s, profit margins […]

In Brief – How to Minimise Project Delays I UK

In Brief - How to Minimise Project Delays

In most cases, construction projects rely on several parties combining to work towards a common goal. But, one unfortunate fact of these projects – that may not come as a shock to anyone – is that sometimes, delays occur. Research shared by Architects’ Journal and Construction News shows that, on average, only 40% of projects are completed […]

In Brief – How to Minimise Project Delays | IE

In Brief - How to Minimise Project Delays

In most cases, construction projects rely on several parties combining to work towards a common goal. But, one unfortunate fact of these projects – that may not come as a shock to anyone – is that sometimes, delays occur. Research shared by Architects’ Journal and Construction News shows that, on average, only 40% of projects are completed […]

In Brief – The State of Disputes in Construction I UK

In Brief - The State of Disputes in Construction

After a largely successful vaccination programme, coupled with the economy reopening, many have optimism for what lies ahead in 2022 and beyond. Findings from the Office of National Statistics showed that in February 2021 alone, construction output increased by 1.6% – the highest monthly growth since September 2020. By comparison, the UK economy increased by 0.4% in […]

In Brief – The State of Disputes in Construction | IE

In Brief - The State of Disputes in Construction

After a largely successful vaccination programme, coupled with the economy reopening, many have optimism for what lies ahead in 2022 and beyond. Findings from the Office of National Statistics showed that in February 2021 alone, construction output increased by 1.6% – the highest monthly growth since September 2020. By comparison, the UK economy increased by 0.4% in […]

De-Risking Construction I UK

De-Risking Construction

Managing construction risk The risks faced by the construction industry are numerous and varied but in the simplest terms, “risk is the effect of uncertainty”. In a recent webinar on ‘De-Risking Construction’ (watch below) we brought together a panel of experts and industry leaders to discuss how organisations deal with and mitigate risks in the construction process, […]

De-Risking Construction | IE

De-Risking Construction

Managing construction risk The risks faced by the construction industry are numerous and varied but in the simplest terms, “risk is the effect of uncertainty”. In a recent webinar on ‘De-Risking Construction’ (watch below) we brought together a panel of experts and industry leaders to discuss how organisations deal with and mitigate risks in the construction process, […]

Construction Payment Management Systems vs ERPs | IE

Construction payment management systems and ERPs are two distinct types of software used by construction companies; but what are they and what are the differences between them? Construction ERP systems Enterprise Resource Planning systems (ERP’s) are software packages developed for organisation management. Some ERP systems are industry agnostic while others are specifically built for the […]

Construction Payment Management Systems vs ERPs I UK

Construction payment management systems and ERPs are two distinct types of software used by construction companies; but what are they and what are the differences between them? Construction ERP systems Enterprise Resource Planning systems (ERP’s) are software packages developed for organisation management. Some ERP systems are industry agnostic while others are specifically built for the […]

The Big Six – Managing Risk in Construction Projects I UK

The Big Six - Managing Risk in Construction Projects

The total number of risks which can be identified for any construction project is very great indeed. With so many moving parts within every construction project, those in charge should always have a robust risk management strategy in place. These risks can generally be divided broadly into six main categories, which we will cover in […]

The Big Six – Managing Risk in Construction Projects | IE

The Big Six - Managing Risk in Construction Projects

The total number of risks which can be identified for any construction project is very great indeed. With so many moving parts within every construction project, those in charge should always have a robust risk management strategy in place. These risks can generally be divided broadly into six main categories, which we will cover in […]

Mental Health in Construction – the Time has Come to Invest in our Greatest Asset  | IE

Mental Health in Construction – the Time has Come to Invest in our Greatest Asset

“People are our greatest asset”. It is a phrase that many will have heard spoken numerous times, but companies in the past haven’t always acted as if they truly believed this statement.  However, skills shortages caused by Brexit and Covid travel restrictions have limited the availability of workers from EU. Together with ever-decreasing numbers of young […]

Mental Health in Construction – the Time has Come to Invest in our Greatest Asset  I UK

Mental Health in Construction – the Time has Come to Invest in our Greatest Asset

“People are our greatest asset”. It is a phrase that many will have heard spoken numerous times, but companies in the past haven’t always acted as if they truly believed this statement.  However, skills shortages caused by Brexit and Covid travel restrictions have limited the availability of workers from EU. Together with ever-decreasing numbers of young […]

Modernise or Die – The Farmer Review 5 Years On | IE

Modernise or Die - The Farmer Review 5 Years On

Five years ago, in 2016, Mark Farmer, CEO of Cast Consultancy was tasked with reviewing the status quo in the construction industry, specifically concerning business and labour models. The ensuing report stressed that the construction industry needed to undergo a radical transformation.  Entitled ‘Modernise or Die’, the report concluded that continuing to do things as […]

Modernise or Die – The Farmer Review 5 Years On I UK

Modernise or Die - The Farmer Review 5 Years On

Five years ago, in 2016, Mark Farmer, CEO of Cast Consultancy was tasked with reviewing the status quo in the construction industry, specifically concerning business and labour models. The ensuing report stressed that the construction industry needed to undergo a radical transformation.  Entitled ‘Modernise or Die’, the report concluded that continuing to do things as […]

Build Back Better: The Human Capital Challenge Facing the Construction Industry | IE

Build Back Better: The Human Capital Challenge Facing the Construction Industry

The Construction industry, like many other industries, is facing many unprecedented changes and challenges in the current climate. It makes it more important than ever to ensure risks are identified and mitigated as much as possible. In a recent London Build Online webinar, we explored the risks facing the industry and what could be done by […]

Build Back Better: The Human Capital Challenge Facing the Construction Industry I UK

Build Back Better: The Human Capital Challenge Facing the Construction Industry

The Construction industry, like many other industries, is facing many unprecedented changes and challenges in the current climate. It makes it more important than ever to ensure risks are identified and mitigated as much as possible. In a recent London Build Online webinar, we explored the risks facing the industry and what could be done by […]

Late Payments in Construction – The Supply Chain Domino Effect | IE

Late Payments in Construction – The Supply Chain Domino Effect

Late payments in construction projects put the entire supply chain at risk. What is the solution to this chronic problem? ‍‍The UK construction industry is a major contributor to the UK economy, with £103 billion in economic output in 2014, 6.5% of the total. In 2015, 2.1 million jobs or 6.2% of the UK total […]

Collaboration – The Payment Weapon of Mass Construction | IE

The construction industry’s secret weapon is going to be collaboration – especially when it comes to payment solutions. It’s not easy finding weapons of mass destruction. Just ask Tony Blair and George Bush. But when it comes to weapons of mass construction, we’ve got a roadmap right to them – and we don’t need a […]

Collaboration – The Payment Weapon of Mass Construction I UK

The construction industry’s secret weapon is going to be collaboration – especially when it comes to payment solutions. It’s not easy finding weapons of mass destruction. Just ask Tony Blair and George Bush. But when it comes to weapons of mass construction, we’ve got a roadmap right to them – and we don’t need a […]

5 Signs That Your Construction Business is at Risk from Poor Payment Processes I UK

Healthy cash flow in construction depends on efficient and accurate payment processes The UK construction industry is highly fragmented – in fact, the average project has 70 subcontract packages. This means, on average, 50-75% of a project’s cost is dispersed throughout the supply chain. As a result, the payment processes underpinning relationships between clients, contractors and […]

5 Signs That Your Construction Business is at Risk from Poor Payment Processes

Healthy cash flow in construction depends on efficient and accurate payment processes The UK construction industry is highly fragmented – in fact, the average project has 70 subcontract packages. This means, on average, 50-75% of a project’s cost is dispersed throughout the supply chain. As a result, the payment processes underpinning relationships between clients, contractors and […]

Late Payments in Construction – The Supply Chain Domino Effect I UK

Late Payments in Construction – The Supply Chain Domino Effect

Late payments in construction projects put the entire supply chain at risk. What is the solution to this chronic problem? ‍‍The UK construction industry is a major contributor to the UK economy, with £103 billion in economic output in 2014, 6.5% of the total. In 2015, 2.1 million jobs or 6.2% of the UK total […]

Project Bank Accounts – Are Your Payment Processes Up to the Job? | IE

Project Bank Accounts (PBAs) are now at the forefront of efforts to speed up the payment process for construction SMEs. With the Scottish Government the latest body to adopt their use, what do you need to know about this important development? Efforts to speed up payments in the construction industry have received a significant boost […]

Project Bank Accounts – Are Your Payment Processes Up to the Job? I UK

Project Bank Accounts (PBAs) are now at the forefront of efforts to speed up the payment process for construction SMEs. With the Scottish Government the latest body to adopt their use, what do you need to know about this important development? Efforts to speed up payments in the construction industry have received a significant boost […]

Why Do 75% of Construction Projects Fail to Meet Deadlines? | IE

Construction is complex business but even so, three-quarters of projects failing to meet the agreed construction timeline should give everyone in the industry pause for thought.‍ “Climbing the Curve”, KPMG’s global construction survey for 2015 uncovered a shocking fact. Shocking, that is, to those not already inured to it – only a quarter of projects were completed […]

Why Do 75% of Construction Projects Fail to Meet Deadlines? I UK

Construction is complex business but even so, three-quarters of projects failing to meet the agreed construction timeline should give everyone in the industry pause for thought.‍ “Climbing the Curve”, KPMG’s global construction survey for 2015 uncovered a shocking fact. Shocking, that is, to those not already inured to it – only a quarter of projects were completed […]

Construction Payment Processes – What Can the UK Learn from Australia? | IE

‍Can the UK construction industry learn from new Australian legislation on payment claim processes? Australia’s got a lot to answer for. Jason Donovan’s music career. Ruining every Ashes summer of the 90s. Walkabout. But it turns out that when it comes to payment claims our Commonwealth cousins have got a few ideas that’ll make life run […]

Construction Payment Processes – What Can the UK Learn from Australia? I UK

‍Can the UK construction industry learn from new Australian legislation on applications for payment processes? Australia’s got a lot to answer for. Jason Donovan’s music career. Ruining every Ashes summer of the 90s. Walkabout. But it turns out that when it comes to applications for payment our Commonwealth cousins have got a few ideas that’ll make […]

How Are Companies Like Amey Trying to Increase Supply Chain Productivity? | IE

Discover how major companies are deploying innovative techniques to enhance their construction procedures and boost the output of their supply chains. The construction sector has a productivity problem. While productivity levels in other sectors such as manufacturing have nearly doubled over the past two decades, they have remained flat in construction. Now consider that more than 50,000 […]

How Are Companies Like Amey Increasing Supply Chain Productivity? | UK

Discover how major companies are deploying innovative techniques to enhance their construction procedures and boost the output of their supply chains. The construction sector has a productivity problem. While productivity levels in other sectors such as manufacturing have nearly doubled over the past two decades, they have remained flat in construction. Now consider that more than 50,000 […]