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The Value of Guaranteed Truth Timeline to The Management of Disputes
The backbone of the DigiBuild Platform is the Guaranteed Truth Timeline. Just what is that and what does it mean to the construction managers?Basically, the timeline is a searchable, chronological data base of every single transaction that occurs on the project. Construction projects produce hundreds of thousands of documents and versions of those docs. Most […]
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The Single Source of Truth: Eliminate The Issue of Disorganized Documents & Communication
The construction industry is an incredibly large industry and has a number of stakeholders involved in each project. There are several groups involved from subcontractors to general contractors as well as fabricators, architects, engineers, suppliers and many more. With all the parties involved, many individuals need to communicate. Each stakeholder needs to communicate either through […]
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Update Your Document Management and Improve Your Projects
There are hundreds of thousands of documents created, reviewed, and managed on a construction project. This includes a myriad of things such as:Payment applications, lien waivers, shop drawings, daily reports, site plans, and many more. Most companies don’t realize exactly how much time project teams spend trying to locate, manage, and review documents throughout the […]
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Automate Progress Payments with DigiBuild
Construction is not new to the idea of changing net 30 (or more) payments into smaller faster, smaller, and more real time payments. Many different methods can be used to speed up payments for operations including factoring, front loading the SOV, percentage based or discounts for faster payouts; but as the industry’s margins remain thin, […]
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How The Automation of Lien Waivers Saves Money for Construction Companies
DigiBuild is designed to help owners, contractors, subcontractors and suppliers save money, improve schedules, and lower risk.DigiBuild has created an automated lien waiver system which makes it virtually impossible for a payment to be made without an appropriate lien waiver or to provide a lien waiver unless a payment is made. We also remove all of […]
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How to control disputes and the big expenses that may show up at the end of your project.
Here’s another way another way DigiBuild saves time and money and creates trust!Consider these scenarios:The project is almost over and you haven’t gotten paid your last two requisitions. The subcontractor bailed on you and you had to bring in another one at time and materials.The equipment that was furnished and installed is faulty and must be replaced….or…You […]
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Software Use Is At All-Time High In Construction Industry: Disputes Continue, And Margins Are Razor Thin
Today’s Real Estate Construction (REC) industry is failing at an alarming rate, margins continue to be razor thin, disputes among stakeholders are “a regular thing”, and trust is something you more often than not save for confessional, with yourself, or potentially, a higher authority.
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