Construction Payment Software for Subcontractors
Flashtract works for Subcontractors
Here's How
Step 1: Create Project
- Enter general project information one time which is saved for the duration of the job such as (Project Name, Project Number, Project Location, etc.)
- Specify subcontract details such as contract name, amount, and retainage rate
- Select required billing documents either default or general contractor specific which will be automatically generated upon submission
Step 2: Setup Schedule of Values
- Breakout subcontract into schedule of values line items
- Set project specific automated billing reminder for yourself based on submission deadlines
- Invite additional team member to the project to increase visibility and collaboration
Step 3: Bill for Completed Work
- Enter the value of the work done and materials stored this period. Flashtract will calculate the retainage, previous work, and totals to date
- Flashtract will automatically generate and populate all required billing documents (AIA G702/G703, custom general contractor pay apps, lien waivers, and more)
Step 4: Download, Print, or Electronically Send Generated Pay Apps
- Download generated billing documents for wet signature or e-sign and distribute electronically to the appropriate approver
- Billing documents are electronically stored on Flashtract’s software for later access
- Track pay request statuses and access user friendly dashboards so at a glance you can see where your attention is needed on a project