What specific areas of the billing process is slowing me down? If you are interested in using Flashtract for your next project, please visit flashtract.com or email [email protected]. Sitemap | Copyright Flashtract Inc. 2020, Pay App and Required Billing Documentation Processes. For example, to obtain an annual license for access to all AIA documents, it can cost your company over $8,000…for just 10 users. A misinterpretation of the forms could result in delayed payment or worse. You can focus on building, not billing. Many companies, including the AIA, have begun placing primitive versions of automated AIA G702 and G703 forms online to try and combat the issues of human error and the amount of time they take to complete. This is essentially a breakdown of work needed to be done for a project. The reason you store materials is to create a smooth and undisturbed project. We have accomplished our goal with our innovative new construction billing software that keeps all documents in one place, spoken in your language, compatible with as many softwares as possible. The AIA G702 and G703 documents are the ones specifically tailored to construction payments. This relationship obviously has some rough parts to it, but the premise is…it works. Typically, a punch list is created so the contractor can check that each detail is completed to standard. Flashtract Inc. 75 14th Street NE, Suite 3050, Atlanta, GA 30309 | Support: 1 (866) 777-1540 Even better, they are naturally integrated into Flashtract’s construction billing software that streamlines your entire billing process. That’s right. It is important to note what your company is looking for in a construction payment software. Think of it as one of those “If we’re both not married at 30” situations. Rather than having to carry around a set of physical documents, all of this information is in one space, at the click of a button. No more “lawyer language” to trip you up and hold you accountable. Contractor billing software is designed to help you stay organized. You get home, start setting out the food and realize a quarter of your order is missing. Construction payment software eliminates unnecessary steps in the payment process, as well as speeds up the overall billing process. While this might not seem a problem, there are some kickers in the relationship…. As a Contractor, You Have to Scrutinize the Documents. We want your company to focus on building, not billing. You’ve already paid expecting everything to be there and now have to go through a hassle of getting this fixed. As a form of progress billing, AIA billing is especially helpful because it standardizes how you bill, what the invoices look like, and the language the parties use. Since they are the AIA’s property, they have the right to charge for every download, and it can add up. Pertaining to the construction industry, general contractors and project managers, by contract, are often forced to use these documents in the billing process. In one completely digitalized space, construction payment management software will assist construction companies throughout the entire billing process. Therefore, since the architect has the advantage, general contractors do not get the fair end of the stick. Well, lucky for you, there is contractor billing software that will assist you every step of the way in the construction payment process. By digitalizing the process, we can ensure that you will get paid and/or pay your subs on time. This takes away extra, tedious steps for you and your team allowing more focus elsewhere, because time IS money. Software companies such as Flashtract have perfected the automation of free AIA G702 and G703 forms by making them completely excel based and spoken in your language. Meaning they will make adjustments and return it to the general contractor to be re-completed. The AIA G-Series is a set of documents that track the billing process for both architects and contractors throughout a project. Once you identify key factors such as these, the process will run smoothly. The chefs are going to be less motivated to fix this issue as they have already been paid in full. The Value in Construction Payment Software The schedule of values also has a dollar amount associated with each line item, which is the cost that has been set in the contract. 4. If the architect does not agree with the documentation, he or she will redline it. Here are a few advantages of construction payment software…. Using G702 and G703 forms can be not so nice on the wallet. Digitized and Automated G702 and G703 forms. Any minor error could result in disapproval from the architect or owner and cause the general contractor to start all over. For general contractors, it takes a level of learning and time to properly fill out these documents. 100% Free AIA Billing Software for constuction companies print on G702 and G703. How many users would my company need to have on the software? To avoid parts of the project not being completed or being done inadequately there is a percentage of the contract, around 5 -10 percent that is not paid out until the project is completed. The entire AIA billing process requires high attention to detail; if the general contractor makes a minor mistake in filling out the documentation, it will result in delayed payment and work completed on the project. Architects are given the upper hand because it is their documentation. Many construction payment software companies integrate with other complementary software such as AIA integration. Think how simple it would be to bypass this treacherous process and have it laid out for you completely online. This process is in no means simple, taking time and understanding to complete. Seen as mere side-projects to hush criticism, not much care has been put into these online versions of G702 and G703 forms and they are often just as confusing. Contractors unknowingly accept the biased language of these documents which reduces the risk for the architect and owner. In turn, most of the liability is given to the contractor. This is the basis of why retainage exists in construction projects. In addition to this, the organization has created a set of contract documents ranging from Owner/Contractor Agreements to Contract Administration and Project Management Forms. This relationship is not one that is necessarily desired, but it works. For example, there are packages designated for design-builders, subcontractors, and consultants. Automatically Generate Quick, Accurate Billing Information Following Standard AIA® G-702/G-703 Format... by Extending the Power of QuickBooks! There are several forms used in the process. We highly advise general contractors to hire a lawyer to review the AIA billing contract. 3. Software companies such as Flashtract have perfected the automation of free AIA G702 and G703 forms by making them completely excel based and spoken in your language. 3. 3. By having all your documents stored in a cloud-based software, you will always have control of your documents wherever you are. Stored materials are purchased early in the construction project process, but not needed for use just yet. Flashtract was created to streamline the process of your construction billing. This allows contractors and all players in the billing process to easily review and approve work in one system. These digitized documents are a good start in innovating the way contractors complete their billing, but they have not been perfected. Once a general contractor fills out the document, the architect reviews it.
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