Payapps

Construction payment application

Contractors Tips

TECH ADOPTION IS NO LONGER A NICE TO HAVE, IT’S A NECESSITY

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An industry ready for change. The building industry is central to our economy, contributing over 13% of our GDP and employing over 1.15 million Australians*. However the industry has been plagued by rising costs, stagnant productivity, high waste and low margins for decades. This is still a familiar site on too many job sites. The [...]

PAYAPPS AND SUBCONTRACTORS

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What is Payapps? Payapps is an online platform that provides easy-to-use, real-time status of progress claims. Developed specifically for the construction industry, it allows everyone to collaborate on a single platform, eliminating the need for endless spreadsheet reconciliations, email trails and phone calls. This video provides a quick overview: Better information results in faster payment [...]

Calculate retention in Payapps

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In this video learn how easy it is to calculate retention using Payapps. Payapps is designed to improve collaboration between subcontractors and builders, especially when it comes to payment applications. We also make it super-easy to store all your contract and compliance information in one place and integrate with your favourite accounting packages like QuickBooks [...]

Retention And How It Works

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So what is retention? Retention is security held by a procuring contractor to guarantee the performance of a supplying contractor and in particular to safeguard against defects in the event that the supplying contractor fails to satisfactorily rectify them. The security is usually in the form of cash withheld (retained) but is often substituted for a bank guarantee [...]

Make Payment Disputes a Thing of the Past

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Payment disputes are bad news for large construction companies; they jeopardise relationships with suppliers, consume administrative resources, undermine staff morale and often cause project delays. So why do disputes remain so common in the Australian construction industry? Research suggests the value of such disputes routinely runs into tens of millions of dollars and that they can take [...]

Make payment claims easier for your subbies – and for yourself!

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… Get your subcontractors submitting claims in a pre-agreed format that you love and that they find incredibly easy to prepare Once a project’s underway, many construction companies get overwhelmed by the sheer effort of managing the payment claim process. It’s at least as difficult (in proportion) for the many smaller businesses that represent your subcontractors. [...]