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Lien Waver Management: Managing Lien Wavers between GC’s and Subcontractors is a key part of timely and accurate payment, as well as fostering good will between GC’s and Subs that will result in repeated project work between the two.
As technology takes off in the construction industry around project management, BIM, safety solutions, and more, there’s one area where the process remains largely unchanged.
Processing applications for payment, or pay apps, should be easy. Subcontractors complete work as assigned and submit their pay apps accordingly. So why has this process plagued industry productivity so much over the last few decades?