Processing applications for payment, or pay apps, should be easy. Subcontractors complete work as assigned and submit their pay apps accordingly. Unfortunately, for most general contractors, that’s where the bottlenecks begin. Paper checks. Compliance documents. Lien waivers.
While technology has transformed many facets of construction, including project management, BIM and smart machines, the payments process has lagged. In this guidebook, we’ll explore what makes paying subcontractors so darn complicated and demonstrate how innovative cloud-based software solutions break the bottlenecks.