ConstructSum helps owners, main contractors, and subcontractors with the key contractual processes of valuations, variations, and payments. Constructsum’s built-in procedures allow its members to set the valuation and payment schedule dates as defined within the contracts. In addition, the reminders functionality prevents forgetting any critical phase of the payment timeline.
Each phase within the payment timeline, from certificates to notices, requires approval and gets logged. The approval and the logging allow the relevant parties within the project to see the valuation stages before it is certified and the payment is made.
ConstructSum allows the financial statement of the project to be captured and documented at any phase and enables the recording of events such as practical completion or final certificate.