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Construction Payment Application Software

Upgrade your construction payment applications with Bauwise. Effortless approvals and strategic insights in one platform.

Why Choose Us

Streamlined Construction Payment Application Process

Navigate the critical financial landscapes of construction management with Bauwise, your trusted ally in streamlining payment applications with precision and efficiency. Bauwise transforms the conventional payment application workflow into a seamless, unified experience by leveraging a platform designed to eliminate errors and save time.

Collaborative Environment for Payment Application

Bauwise eases the construction payment application procedure through its user-friendly interface, fostering a collaborative environment. It is designed to encourage seamless collaboration between project managers and subcontractors, enhancing transparency and efficiency in handling construction payment applications with real-time notifications and color-coded systems for reviewing amendments swiftly.

Insightful Overview of Payment Applications

Bauwise is your reliable partner in offering a strategic overview of the construction payment application landscape. Its intuitive module provides a comprehensive insight into all payment applications and their current statuses, paving the way for informed decision-making. Adopt Bauwise to steer your projects strategically with adaptable filtering options, introducing unmatched organization and efficiency to the construction payment application process.

Track approvals and electronic signatures

Collect and send subcontract agreements and any necessary attachments to your subcontractors for review with a simple email. Bauwise automatically sends secure links accessible from any device with internet service. Your subcontractors can approve and sign, request revisions, manually print and sign, or decline the agreement in real-time without additional fees.

Effortless Initiations and Collaborative Adjustments

At the heart of Bauwise lies a dynamic system that facilitates the effortless initiation of payment applications by general contractors and project managers:

Simple Setup: Start with a straightforward initiation process that leads to a centralized hub housing all necessary payment applications.
Collaborative Environment: Encourage collaborative adjustments with real-time notifications and an interface allowing subcontractors to make necessary amendments effortlessly.

Quick Approvals and Seamless Oversight

Transition into a space of quick approvals and seamless oversight where clarity and transparency reign supreme:

Color-coded Changes: Quickly identify and review subcontractor changes through color-coded highlights.
Digital Signatures: Facilitate faster approvals with in-environment digital signatures.

"My overall experience with Bauwise have been very positive. My impression is that Bauwise both as a team and as a system are very professional, competitive and reliable, and thereby the perfect partner when it comes to financial project controlling."

“Cooperation with the Bauwise team and the implementation of the Bauwise construction budgeting software in Nordecon and our subsidiaries went smoothly. Necessary developments have always been carried out quickly and efficiently with excellent collaboration on both sides. We are very pleased with them as a partner.

“Bauwise software helps us to track and compare our construction budget with actual costs from accounting in real time. The easy to use online cost allocation and approval workflow has made us more efficient. Our team now has only one “Excel spreadsheet,” and that’s Bauwise.com

Intuitive Module for an Unparalleled Overview

The Bauwise module offers an unparalleled overview, encouraging informed decision-making and strategic planning through:

Detailed Insights: Gain a bird’s-eye view of all payment applications and their statuses.
Flexible Filtering: Customize your viewing preferences with versatile filtering options, focusing on what matters the most.

Enhanced Overview with Project Payment Applications Module

Gain an overarching view of all payment applications related to your project, coupled with versatile filtering options based on different statuses, enhancing your control over the entire process. With options to view applications from subcontractors or customers and insights into various stages like preparation, confirmation, and signing, Bauwise brings a new level of organization to your projects.

Discover Bauwise construction accounting software.

Join the Bauwise Revolution Today

Step into the future of construction payment applications with Bauwise, where every function is designed with your convenience and efficiency in mind. Get started with Bauwise today and witness your project management reach new heights of efficiency and collaboration.

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More than 10 000 projects managed by using Bauwise

FAQ

What is construction payment application software?

Construction payment application software, also known as construction billing or progress billing software, is a specialized tool designed to manage the process of preparing, submitting, and tracking payment applications in the construction industry. These applications are payment requests based on the work completed and materials provided over a particular period during a construction project.

Construction payment application software ensures that billing processes are efficient, accurate, and transparent. It helps contractors and other project stakeholders maintain positive cash flow and financial clarity, ultimately contributing to smoother project execution and healthier business operations.

What is the difference between an invoice and a payment application?

Invoices and payment applications are documents used to request payment for goods or services, but they have distinct uses, especially within the construction industry context. Here’s a breakdown of their differences:

Primary Usage:

Invoice: Commonly used in various industries to bill for products sold or services rendered. It provides a detailed account of the goods or services and the amount due.
Payment Application: Specific to the construction industry, this document requests payment based on the work performed and materials supplied during a particular period of a construction project.

Detail and Breakdown:

Invoice: Typically contains itemized lists of products or services, quantities, rates, and the total amount due.
Payment Application: Provides a detailed breakdown of the work performed with the overall contract. It often includes the original contract sum, changes (if any), the value of work completed to date, stored materials, the current payment due, and retainage (amount withheld until final project completion).

Frequency:

Invoice: This can be one-time or recurring, depending on the nature of the business transaction.
Payment Application: Usually submitted at regular intervals (e.g., monthly) throughout the construction project until completion.

Retention:

Invoice: Generally does not account for retention unless specified otherwise.
Payment Application: Often includes retention, a portion of the owed amount held back to ensure project completion. The retained amount is typically released after reaching certain milestones or at the project’s end.

Documentation:

Invoice: This may be accompanied by a proof of delivery or service completion.
Payment Application: Often comes with supporting documentation showing the progress of the work, like photographs, timesheets, and material delivery notes.

Approval Process:

Invoice: Depending on the business setup, invoices might not always undergo a rigorous approval process before being sent to the client.
Payment Application: Given the complexity of construction projects, payment applications often go through a multi-tiered approval process involving project managers, owners, lenders, and other stakeholders.

In summary, while invoices and payment applications are tools to request payment, payment applications are more detailed and tailored to the construction industry’s unique needs, capturing the intricacies of project progress and contract fulfillment.

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See for yourself how simple and efficient can construction payment application software be

The typical learning time is just two sessions, while our software can save you up to 4 workdays per month

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