Contractors – Construction

Vendor since: 2017 Vendor Products: 22

Description
The Construction module is tailored for organizations involved in land purchase, development and residential property management. Supported by Priority's robust platform, the Construction module gives companies in this sector a single, integrated system that includes all required business processes.  It interacts with all Priority modules to effectively manage the entire construction process, including CRM, sales quotations, project management, finance, customer service and maintenance. The Construction module consists of several sub- modules that can be individually selected as necessary. The Contractors module manages both upward and downward contractual relationships between the company, (receiver) customer and subcontractor.
  • Manage contracts between company, receiver and subcontractor and record quantity surveys (materials required), turnkey contracts, index adjustments, offsets, prepayments and liens.
  • Record and track order changes, supplements and changes of quantities or prices.
  • Manage bills for receivers and from subcontractors according to progress percentage, quantities reported and milestones.
  • Compare subcontractor bids and sub-level bidding, upload/download files.
  • Manage subcontractor collateral (including deposits) and insurance. Manage terms, type, and expiry dates. Extend or revise dates as needed.
  • Calculate index (inflation) changes and lien, offsets and partial payments according to individual contract terms.
  • Control back to back contracts and track progress according to milestones; manage price increases.
  • Analyze project cash flow by bank accounts, payments and receipts.
 

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