Progress Payment Claims Archives - Payapps https://www.payapps.com/tag/progress-payment-claims/ Tue, 26 Nov 2024 01:47:28 +0000 en-AU hourly 1 https://wordpress.org/?v=6.7.1 https://www.payapps.com/wp-content/uploads/2023/12/cropped-Payapps-Favicon-32x32.png Progress Payment Claims Archives - Payapps https://www.payapps.com/tag/progress-payment-claims/ 32 32 Building a Tech Ecosystem: Why Specialised Solutions Are Key to Construction Success https://www.payapps.com/blogs-nz/building-a-tech-ecosystem-why-specialised-solutions-are-key-to-construction-success/ Mon, 25 Nov 2024 01:44:12 +0000 https://www.payapps.com/?p=7544 Understand why adopting a construction tech ecosystem will be the difference between thriving and falling behind.

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The construction industry is undergoing a rapid transformation. As projects become larger and more complex, the need for technology that supports efficiency, collaboration, and profitability has never been greater. At this year’s FCON-Tech 2024, the Payapps team had the privilege of speaking about one of the most pressing challenges we face: how to build a construction tech ecosystem and integrate purpose-fit technology to address the unique demands of the construction lifecycle.

At Payapps, we’ve seen first-hand how specialised solutions can make a difference. Whether it’s reducing the friction in progress claim management, accelerating approval processes, or improving transparency between main contractors and subcontractors, technology tailored to specific pain points drives better outcomes.

Why Specialised Technology Matters

Construction is a highly segmented industry. From design and procurement to project execution and closeout, each phase presents its own challenges. Generic, one-size-fits-all tools can only go so far. Specialised solutions like Payapps are designed to excel at specific tasks—progress claim management and contract variations, for example—ensuring teams have the right tools to streamline processes, reduce disputes, and improve profitability.

But it’s not just about choosing the right tools; it’s about creating a connected ecosystem where all your systems work together. Interoperability is key. When your platforms integrate seamlessly, your teams gain access to real-time data that drives faster, better-informed decisions.

Building a strong tech ecosystem

5 Steps to Building a Strong Construction Tech Ecosystem

Building a tech ecosystem doesn’t happen by chance. Here’s how to create one that works for your business:

  1. Create a Clear Technology Strategy – Ensure your leadership team is aligned on the role technology plays in achieving business goals. A unified vision ensures your tech investments deliver tangible ROI.
  2. Involve the Right Stakeholders – Choose tools that integrate seamlessly with your existing systems. A well-connected stack eliminates manual data entry and reduces errors.
  3. Prioritise Integration Choose tools that integrate seamlessly with your existing systems. A well-connected stack eliminates manual data entry and reduces errors.
  4. Focus on Scalability Your tech stack should grow with your business. Select solutions that adapt to evolving demands and increasingly complex workflows.
  5. Ensure Strong Vendor Support – Technology is only as good as the support you receive. Choose vendors that provide robust training, implementation assistance, and ongoing updates.

Proven Results

Research from Payapps reveals that companies adopting specialised technology report a 49% increase in productivity. Additionally, 81% of Payapps users find it easier to comply with payment regulations like SOPA (Australia) and CCA (New Zealand). These benefits go beyond efficiency—our data shows Payapps users are five times more likely to be “very satisfied” with their job compared to non-users.

The proven results of adopting specialised construction technology.

The Path Forward

The future of construction depends on embracing purpose-fit solutions. Whether you rely on a single vendor like Autodesk or adopt tools from multiple providers, success lies in ensuring your technology is interoperable, scalable, and tailored to your needs.

At the end of the day, the question isn’t whether you can afford to invest in technology—it’s whether you can afford not to. As the industry faces rising costs, stricter regulations, and labour shortages, adopting the right tools will be the difference between thriving and falling behind.

If you’d like to learn more about how Payapps can help your business streamline progress claims, reduce disputes, and improve collaboration, get in touch. Together, let’s build better!

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Building a Tech Ecosystem: Why Specialised Solutions Are Key to Construction Success https://www.payapps.com/blogs/why-a-tech-ecosystem-is-the-key-to-construction-success/ Mon, 25 Nov 2024 00:49:40 +0000 https://www.payapps.com/?p=7514 Understand why adopting a construction tech ecosystem will be the difference between thriving and falling behind.

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Buildcorp Group is a long-term Payapps customer, having been an early adopter of the progress claim software in 2016. Toni Hall, group commercial business systems manager for Buildcorp and overseeing their commercial systems, processes and procedures, says Payapps has been a pillar of their success, supporting the tier 2 builder as it delivers over $8 billion in projects throughout NSW, Qld and Victoria.

She recently sat down with Inside Construction editor Ashley Grogan and shared why Buildcorp’s commitment to utilising leading technology has underpinned their success.

 

Commitment to subcontractors

Buildcorp prioritises its relationship with subcontractors, and implementing tools such as Payapps demonstrates their commitment to running an efficient project and ensuring subbies are paid on time.

“We aimed to reduce project risk and the amount of time spent on payment claims, which impacts our subcontractors, project teams, accounts payable and even senior management.

“Now, with Payapps, Buildcorp faces less risk from security of payment claims, and subcontractors benefit from improved visibility of cash flow and a clear understanding of how, when and what they need for their payment claims, preventing them from slipping through the cracks.”

 

Removing admin

Before using Payapps, Hall recalls situations where it could take hours to process a claim – chasing down missing information or tracking the right person could waste up to a month in total across all claims being process. Now, a project can be set up in just 10 minutes and the team can easily manage the approvals as the claims come in.

“Depending on what is being claimed, it can take just two minutes to physically process it with Payapps.”

Attracting talent

Eager candidates frequently ask what systems and technology are in use at Buildcorp, and Hall says their approach to using robust systems and platforms drew her to the company.

Ensuring third-party platforms seamlessly integrate with their award-winning, internally-built systems is a priority and enhances project efficiency and collaboration across the business.

“It makes more sense to build on what we’ve already established and integrate with external providers such as Payapps,” says Hall. “We have long utilised Jobpac as our financial management platform and Procore for project management – the seamless integration of Payapps with Jobpac is crucial for Buildcorp’s operations.”

Delivering projects

The claim data from Payapps is made visible via a dashboard that all teams, either in the office or onsite, have access to so they can easily see high-level job information, current project safety ratings, and pending and current claims.

Payapps ensure there are no bottlenecks to hold up project delivery. The Buildcorp team can easily reassign claim approvers if someone is unavailable, and the high-level dashboard makes it easy to see any claims that need immediate attention to avoid any disputes or missing payment deadlines.

Staying competitive

For Buildcorp, Payapps is supporting their long-term goals and helping them stay competitive in both the tendering phase of a project, as well as the actual project delivery. Estimating teams are able to use the data captured within Payapps to provide accurate project estimates, track expenditure, and manage subcontractors. Hall also says Payapps gives their clients confidence in their ability to deliver projects financially, both upstream and downstream.

Read the full article on Inside Construction,

The post Building a Tech Ecosystem: Why Specialised Solutions Are Key to Construction Success appeared first on Payapps.

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Victorian Government Endorses SOPA Amendments: What This Means for the Construction Industry  https://www.payapps.com/blogs-nz/victorian-government-endorses-sopa-amendments-what-this-means-for-the-construction-industry/ Tue, 19 Nov 2024 00:55:21 +0000 https://www.payapps.com/?p=7491 Learn how the Victorian Government’s endorsement of SOPA amendments impacts the industry and what this means for builders and subcontractors.

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In a significant move for the construction sector, the Victorian Government has officially endorsed a series of amendments to the Building and Construction Industry Security of Payment Act 2002 (SOPA). This endorsement follows the recommendations made by the Parliamentary Inquiry into the state of payments in the Victorian construction industry, which we previously discussed in our blog on the proposed changes to SOPA. 

Key Endorsements and Their Implications 

The Victorian Government’s endorsement includes several critical reforms aimed at streamlining payment processes and ensuring fairer practices within the industry. Below is a summary of some of the key amendments including: 

  1. Elimination of ‘Excluded Amounts’ – The removal of the exclusion of certain disputed variations and claims for time-related costs from progress payments. This amendment simplifies the adjudication process and allows claimants to claim retention money under the SOP Act. 
  2. Elimination of ‘Reference Dates’ – The removal of the concept of ‘reference dates’, which can be difficult to navigate in the absence of legal advice and, if incorrectly identified, undermines otherwise valid payment claims. 
  3. Introduction of a ‘Blackout’ Period Amending the definition of business day to exclude the end-of-year shutdown period from 22 December to 10 January inclusive.  
  4. Unfair Time Bars These amendments allow certain contract provisions to be declared unfair and of no effect, including allowing nullification of notice-based time bar clauses. 

For a more detailed breakdown of all the amendments, read the full Mondaq article here

What This Means for You 

For main contractors and subcontractors, these amendments promise a more straightforward and equitable progress payment process. The removal of excluded amounts and reference dates should reduce disputes and enhance cash flow. Simplifying the adjudication process and introducing a blackout period during the end-of-year shutdown will improve project planning and reduce legal disputes. 

Additionally, the ability to challenge unfair time bars allows for the negotiation of fairer contract terms. These reforms are expected to boost confidence in the industry, fostering a more collaborative and transparent business environment. 

How Payapps Helps You Navigate These SOPA Amendments 

At Payapps, we are committed to keeping you informed about these changes and how they can impact your business. Payapps is an award-winning construction solution designed to help you meet the requirements of various state-based Security of Payments Act requirements with built-in reminders, transparent audit trails and a central repository all compliance-related documents, such as licenses and insurances. 

Navigate these reforms seamlessly, ensuring SOPA compliance and optimising your progress claim approval processes. For more detailed insights, read our blog on Payapps’ role in simplifying these VIC SOPA changes

Renovating Victoria's Security of Payments Act Webinar Recording

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Victorian Government Endorses SOPA Amendments: What This Means for the Construction Industry  https://www.payapps.com/blogs/victorian-government-endorses-sopa-amendments/ Mon, 11 Nov 2024 23:40:21 +0000 https://www.payapps.com/?p=7472 Learn how the Victorian Government’s endorsement of SOPA amendments impacts the industry and what this means for builders and subcontractors.

The post Victorian Government Endorses SOPA Amendments: What This Means for the Construction Industry  appeared first on Payapps.

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In a significant move for the construction sector, the Victorian Government has officially endorsed a series of amendments to the Building and Construction Industry Security of Payment Act 2002 (SOPA). This endorsement follows the recommendations made by the Parliamentary Inquiry into the state of payments in the Victorian construction industry, which we previously discussed in our blog on the proposed changes to SOPA. 

Key Endorsements and Their Implications 

The Victorian Government’s endorsement includes several critical reforms aimed at streamlining payment processes and ensuring fairer practices within the industry. Below is a summary of some of the key amendments including: 

  1. Elimination of ‘Excluded Amounts’ – The removal of the exclusion of certain disputed variations and claims for time-related costs from progress payments. This amendment simplifies the adjudication process and allows claimants to claim retention money under the SOP Act. 
  2. Elimination of ‘Reference Dates’ – The removal of the concept of ‘reference dates’, which can be difficult to navigate in the absence of legal advice and, if incorrectly identified, undermine otherwise valid payment claims. 
  3. Introduction of a ‘Blackout’ Period Amending the definition of business day to exclude the end-of-year shutdown period from 22 December to 10 January inclusive.  
  4. Unfair Time Bars These amendments allow certain contract provisions to be declared unfair and of no effect, including allowing nullification of notice-based time bar clauses. 

For a more detailed breakdown of all the amendments, read the full Mondaq article here

What This Means for You 

For main contractors and subcontractors, these amendments promise a more straightforward and equitable progress payment process. The removal of excluded amounts and reference dates should reduce disputes and enhance cash flow. Simplifying the adjudication process and introducing a blackout period during the end-of-year shutdown will improve project planning and reduce legal disputes. 

Additionally, the ability to challenge unfair time bars allows for the negotiation of fairer contract terms. These reforms are expected to boost confidence in the industry, fostering a more collaborative and transparent business environment. 

How Payapps Helps You Navigate These SOPA Amendments 

At Payapps, we are committed to keeping you informed about these changes and how they can impact your business. Payapps is an award-winning construction solution designed to help you meet the requirements of various state-based Security of Payments Act requirements with built-in reminders, transparent audit trails and a central repository all compliance-related documents, such as licenses and insurances. 

Navigate these reforms seamlessly, ensuring SOPA compliance and optimising your progress claim approval processes. For more detailed insights, read our blog on Payapps’ role in simplifying these VIC SOPA changes. 

Renovating Victoria's Security of Payments Act Webinar Recording

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Inside Construction Feature Article: How Buildcorp Group Reduces Project Risk with Payapps https://www.payapps.com/blogs-nz/inside-construction-feature-article-how-buildcorp-group-reduces-project-risk-with-payapps/ Fri, 08 Nov 2024 02:31:13 +0000 https://www.payapps.com/?p=7493 Payapps helps Buildcorp streamline progress claims to support subcontractors, support project delivery, and reduce project risk.

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Buildcorp Group is a long-term Payapps customer, having been an early adopter of the progress claim software in 2016. Toni Hall, group commercial business systems manager for Buildcorp and overseeing their commercial systems, processes and procedures, says Payapps has been a pillar of their success, supporting the tier 2 builder as it delivers over $8 billion in projects throughout NSW, Qld and Victoria.

She recently sat down with Inside Construction editor Ashley Grogan and shared why Buildcorp’s commitment to utilising leading technology has underpinned their success.

 

Commitment to subcontractors

Buildcorp prioritises its relationship with subcontractors, and implementing tools such as Payapps demonstrates their commitment to running an efficient project and ensuring subbies are paid on time.

“We aimed to reduce project risk and the amount of time spent on payment claims, which impacts our subcontractors, project teams, accounts payable and even senior management.

“Now, with Payapps, Buildcorp faces less risk from security of payment claims, and subcontractors benefit from improved visibility of cash flow and a clear understanding of how, when and what they need for their payment claims, preventing them from slipping through the cracks.”

 

Removing admin

Before using Payapps, Hall recalls situations where it could take hours to process a claim – chasing down missing information or tracking the right person could waste up to a month in total across all claims being process. Now, a project can be set up in just 10 minutes and the team can easily manage the approvals as the claims come in.

“Depending on what is being claimed, it can take just two minutes to physically process it with Payapps.”

Attracting talent

Eager candidates frequently ask what systems and technology are in use at Buildcorp, and Hall says their approach to using robust systems and platforms drew her to the company.

Ensuring third-party platforms seamlessly integrate with their award-winning, internally-built systems is a priority and enhances project efficiency and collaboration across the business.

“It makes more sense to build on what we’ve already established and integrate with external providers such as Payapps,” says Hall. “We have long utilised Jobpac as our financial management platform and Procore for project management – the seamless integration of Payapps with Jobpac is crucial for Buildcorp’s operations.”

Delivering projects

The claim data from Payapps is made visible via a dashboard that all teams, either in the office or onsite, have access to so they can easily see high-level job information, current project safety ratings, and pending and current claims.

Payapps ensure there are no bottlenecks to hold up project delivery. The Buildcorp team can easily reassign claim approvers if someone is unavailable, and the high-level dashboard makes it easy to see any claims that need immediate attention to avoid any disputes or missing payment deadlines.

Staying competitive

For Buildcorp, Payapps is supporting their long-term goals and helping them stay competitive in both the tendering phase of a project, as well as the actual project delivery. Estimating teams are able to use the data captured within Payapps to provide accurate project estimates, track expenditure, and manage subcontractors. Hall also says Payapps gives their clients confidence in their ability to deliver projects financially, both upstream and downstream.

Read the full article on Inside Construction,

The post Inside Construction Feature Article: How Buildcorp Group Reduces Project Risk with Payapps appeared first on Payapps.

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Inside Construction Feature Article: How Buildcorp Group Reduces Project Risk with Payapps https://www.payapps.com/blogs/feature-article-buildcorp-reduces-project-risk-with-payapps/ Wed, 23 Oct 2024 10:24:15 +0000 https://www.payapps.com/?p=7450 Payapps helps Buildcorp streamline progress claims to support subcontractors, support project delivery, and reduce project risk.

The post Inside Construction Feature Article: How Buildcorp Group Reduces Project Risk with Payapps appeared first on Payapps.

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Buildcorp Group is a long-term Payapps customer, having been an early adopter of the progress claim software in 2016. Toni Hall, group commercial business systems manager for Buildcorp and overseeing their commercial systems, processes and procedures, says Payapps has been a pillar of their success, supporting the tier 2 builder as it delivers over $8 billion in projects throughout NSW, Qld and Victoria.

She recently sat down with Inside Construction editor Ashley Grogan and shared why Buildcorp’s commitment to utilising leading technology has underpinned their success.

 

Commitment to subcontractors

Buildcorp prioritises its relationship with subcontractors, and implementing tools such as Payapps demonstrates their commitment to running an efficient project and ensuring subbies are paid on time.

“We aimed to reduce project risk and the amount of time spent on payment claims, which impacts our subcontractors, project teams, accounts payable and even senior management.

“Now, with Payapps, Buildcorp faces less risk from security of payment claims, and subcontractors benefit from improved visibility of cash flow and a clear understanding of how, when and what they need for their payment claims, preventing them from slipping through the cracks.”

 

Removing admin

Before using Payapps, Hall recalls situations where it could take hours to process a claim – chasing down missing information or tracking the right person could waste up to a month in total across all claims being process. Now, a project can be set up in just 10 minutes and the team can easily manage the approvals as the claims come in.

“Depending on what is being claimed, it can take just two minutes to physically process it with Payapps.”

Attracting talent

Eager candidates frequently ask what systems and technology are in use at Buildcorp, and Hall says their approach to using robust systems and platforms drew her to the company.

Ensuring third-party platforms seamlessly integrate with their award-winning, internally-built systems is a priority and enhances project efficiency and collaboration across the business.

“It makes more sense to build on what we’ve already established and integrate with external providers such as Payapps,” says Hall. “We have long utilised Jobpac as our financial management platform and Procore for project management – the seamless integration of Payapps with Jobpac is crucial for Buildcorp’s operations.”

Delivering projects

The claim data from Payapps is made visible via a dashboard that all teams, either in the office or onsite, have access to so they can easily see high-level job information, current project safety ratings, and pending and current claims.

Payapps ensure there are no bottlenecks to hold up project delivery. The Buildcorp team can easily reassign claim approvers if someone is unavailable, and the high-level dashboard makes it easy to see any claims that need immediate attention to avoid any disputes or missing payment deadlines.

Staying competitive

For Buildcorp, Payapps is supporting their long-term goals and helping them stay competitive in both the tendering phase of a project, as well as the actual project delivery. Estimating teams are able to use the data captured within Payapps to provide accurate project estimates, track expenditure, and manage subcontractors. Hall also says Payapps gives their clients confidence in their ability to deliver projects financially, both upstream and downstream.

Read the full article on Inside Construction,

The post Inside Construction Feature Article: How Buildcorp Group Reduces Project Risk with Payapps appeared first on Payapps.

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Empowering the Future of Quantity Surveying: Insights from Payapps at Massey University https://www.payapps.com/blogs/empowering-the-future-of-quantity-surveying-insights-from-payapps-at-massey-university-2/ Mon, 19 Aug 2024 05:59:13 +0000 https://www.payapps.com/?p=7264 Payapps empowers future construction professionals at Massey University, Auckland with insights on simplifying progress claims and ensuring CCA compliance.

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On August 8th, 2024, Payapps had the privilege of presenting to the next generation of quantity surveyors at Massey University in Auckland. Andrew Waller, Business Development Manager for Payapps in New Zealand, delivered an engaging lecture to third and fourth-year undergraduate students, many of whom are already professionals in the field. This session was not just an introduction to Payapps but a broader discussion on the evolving role of technology in the construction industry, specifically focusing on how Payapps can simplify critical processes and ensure compliance with New Zealand’s Construction Contracts Act (CCA) and Retention Act.

 

The Growing Importance of Technology in Construction

Andrew’s presentation underscored the significant shift the construction industry is undergoing due to technological advancements.  While the sector has traditionally been slow to adopt new technologies, the pressures of modern project management demand a move away from manual, paper-based systems. As highlighted in Payapps’ “Building the Future” report, 46% of industry professionals spend more than six hours per week on manual administrative tasks, and 26% still manage payment claims with spreadsheets and other manual tools. This inefficiency hampers productivity and increases the risk of errors and disputes—issues that can have severe financial and reputational consequences.

Andrew emphasised that speaking to leaders and professionals managing today’s construction projects requires more than traditional management methods. They need integrated digital solutions that provide real-time insights, streamline processes, and improve stakeholder collaboration. This is where Payapps comes in, offering a platform designed to make the management of payment claims not only simpler but more transparent and compliant with industry regulations.

 

How Payapps Simplifies Compliance in New Zealand

One of the key areas of focus during the presentation was how Payapps supports compliance with the CCA and Retention Act in New Zealand. Andrew explained that with the increasing complexity of these regulations, particularly regarding retentions, quantity surveyors must have tools to ensure all requirements are met without added administrative burden. Payapps offers features such as retention fund tracking and detailed reporting, which help companies avoid non-compliance risks, including financial penalties and project delays.

 

Why Technology Adoptions is Key for Future Quantity Surveyors

Reflecting on the day, Andrew shared,

“Engaging with such a bright group of future industry leaders was inspiring.  The students at Massey University are eager to understand how technology can simplify their work and drive the industry forward.  Payapps is proud to play a role in this educational journey, helping to bridge the gap between traditional practices and modern digital solutions.”

He added, 

“Supporting educational institutions like Massey University is crucial for us at Payapps.  We believe that investing in the next generation can contribute to a more efficient, innovative, and compliant construction industry.”

The shift from manual processes to specialised construction technology is not just an option but a necessity for New Zealand construction businesses aiming to thrive in today’s competitive landscape. By embracing tools like Payapps, companies can improve collaboration, ensure compliance, and significantly enhance project outcomes. As Scott Lockwood succinctly puts it, 

“Embracing technology is not just about staying current; it’s about paving the way for a more efficient and collaborative future in construction.”

The presentation also touched on the importance of young professionals advocating for technological adoption within their organisations. With Payapps research indicating that 69% of industry respondents are open to new technologies to help them do their jobs more efficiently, there is a clear opportunity for the next generation to lead this digital transformation. By embracing tools like Payapps, quantity surveyors can reduce the time spent on administrative tasks, minimise errors, and ultimately enhance the quality and efficiency of their projects.

 
 

Payapps Supporting the Future of Construction

The session at Massey University was not just about showcasing Payapps but about inspiring the next generation of construction professionals to embrace the tools that will define the industry’s future. As the construction sector continues to evolve, the integration of technology like Payapps will be essential for ensuring project success and compliance with industry standards.

For those interested in learning more about how Payapps can revolutionise your project management processes, visit our website or download our latest report for deeper insights into the future of construction technology.

The post Empowering the Future of Quantity Surveying: Insights from Payapps at Massey University appeared first on Payapps.

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Empowering the Future of Quantity Surveying: Insights from Payapps at Massey University https://www.payapps.com/blogs-nz/empowering-the-future-of-quantity-surveying-insights-from-payapps-at-massey-university/ Mon, 19 Aug 2024 04:45:49 +0000 https://www.payapps.com/?p=7258 Payapps empowers future construction professionals at Massey University, Auckland with insights on simplifying processes and ensuring CCA compliance.

The post Empowering the Future of Quantity Surveying: Insights from Payapps at Massey University appeared first on Payapps.

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On August 8th, 2024, Payapps had the privilege of presenting to the next generation of quantity surveyors at Massey University in Auckland. Andrew Waller, Business Development Manager for Payapps in New Zealand, delivered an engaging lecture to third and fourth-year undergraduate students, many of whom are already professionals in the field. This session was not just an introduction to Payapps but a broader discussion on the evolving role of technology in the construction industry, specifically focusing on how Payapps can simplify critical processes and ensure compliance with New Zealand’s Construction Contracts Act (CCA) and Retention Act.

 

The Growing Importance of Technology in Construction

Andrew’s presentation underscored the significant shift the construction industry is undergoing due to technological advancements.  While the sector has traditionally been slow to adopt new technologies, the pressures of modern project management demand a move away from manual, paper-based systems. As highlighted in Payapps’  “Building the Future” report, 46% of industry professionals spend more than six hours per week on manual administrative tasks, and 26% still manage payment claims with spreadsheets and other manual tools. This inefficiency hampers productivity and increases the risk of errors and disputes—issues that can have severe financial and reputational consequences.

Andrew emphasised that speaking to leaders and professionals managing today’s construction projects requires more than traditional management methods. They need integrated digital solutions that provide real-time insights, streamline processes, and improve stakeholder collaboration. This is where Payapps comes in, offering a platform designed to make the management of payment claims not only simpler but more transparent and compliant with industry regulations.

 

How Payapps Simplifies Compliance in New Zealand

One of the key areas of focus during the presentation was how Payapps supports compliance with the CCA and Retention Act in New Zealand. Andrew explained that with the increasing complexity of these regulations, particularly regarding retentions, quantity surveyors must have tools to ensure all requirements are met without added administrative burden. Payapps offers features such as retention fund tracking and detailed reporting, which help companies avoid non-compliance risks, including financial penalties and project delays.

 

Why Technology Adoptions is Key for Future Quantity Surveyors

Reflecting on the day, Andrew shared,

“Engaging with such a bright group of future industry leaders was inspiring.  The students at Massey University are eager to understand how technology can simplify their work and drive the industry forward.  Payapps is proud to play a role in this educational journey, helping to bridge the gap between traditional practices and modern digital solutions.”

He added, 

“Supporting educational institutions like Massey University is crucial for us at Payapps.  We believe that investing in the next generation can contribute to a more efficient, innovative, and compliant construction industry.”

The shift from manual processes to specialised construction technology is not just an option but a necessity for New Zealand construction businesses aiming to thrive in today’s competitive landscape. By embracing tools like Payapps, companies can improve collaboration, ensure compliance, and significantly enhance project outcomes. As Scott Lockwood succinctly puts it, 

“Embracing technology is not just about staying current; it’s about paving the way for a more efficient and collaborative future in construction.”

The presentation also touched on the importance of young professionals advocating for technological adoption within their organisations. With Payapps research indicating that 69% of industry respondents are open to new technologies to help them do their jobs more efficiently, there is a clear opportunity for the next generation to lead this digital transformation. By embracing tools like Payapps, quantity surveyors can reduce the time spent on administrative tasks, minimise errors, and ultimately enhance the quality and efficiency of their projects.

 
 

Payapps Supporting the Future of Construction

The session at Massey University was not just about showcasing Payapps but about inspiring the next generation of construction professionals to embrace the tools that will define the industry’s future. As the construction sector continues to evolve, the integration of technology like Payapps will be essential for ensuring project success and compliance with industry standards.

For those interested in learning more about how Payapps can revolutionise your project management processes, visit our website or download our latest report for deeper insights into the future of construction technology.

The post Empowering the Future of Quantity Surveying: Insights from Payapps at Massey University appeared first on Payapps.

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Ditching Spreadsheets, Embracing Specialised Construction Technology https://www.payapps.com/blogs-nz/ditching-spreadsheets-embracing-specialised-construction-technology-2/ Mon, 19 Aug 2024 03:27:35 +0000 https://www.payapps.com/?p=7256 Discover how the NZ construction industry is evolving by ditching spreadsheets and embracing specialised technology for better collaboration.

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The New Zealand construction industry is facing a period of significant change, driven by the need for increased efficiency, collaboration, and compliance.  The reliance on manual processes, particularly spreadsheets for managing payment claims and project administration, is proving increasingly inadequate in today’s dynamic construction landscape. Payapps recent webinar “Building the Future: Leveraging Specialised Construction Technology for Better Collaboration” underscored the urgent need for change and the transformative potential of specialised construction technology like Payapps.

 

The Spreadsheet Predicament in the New Zealand Context:

The use of spreadsheets, while common in New Zealand’s construction sector, is fraught with challenges.  The time-consuming nature of manual data entry, coupled with the risk of errors, can lead to inefficiencies, delays, and disputes that impact project timelines and profitability. The “Building the Future” report revealed that 26% of quantity surveyors and contract administrators still rely on manual processes, hindering productivity and accuracy. The report further highlighted a strong desire for tools that offer automation, enhanced collaboration, and standardised processes.  

The reliance on traditional manual methods can pose a significant hurdle to industry advancement and progress. The New Zealand construction industry has been grappling with skill shortages, with a report by Te Waihanga (New Zealand Infrastructure Commission) forecasting a shortfall of 118,500.

 

Payapps: The New Zealand Solution

Payapps, a purpose-built construction software, offers a robust solution to the challenges faced by the New Zealand construction industry.  Payapps eliminates many of the common issues associated with manual methods by automating and streamlining payment claim workflows and providing real-time updates.  

The transition to Payapps streamlines operations and ensures compliance with regulatory requirements, which is crucial in the New Zealand construction environment.

 

The Payapps Advantage for New Zealand Construction

  • Enhanced Compliance and Reduced Risks: Payapps seamlessly integrates with existing ERP and accounting systems, ensuring consistency and accuracy across all financial and administrative functions. The software also includes comprehensive reporting tools, which are crucial for maintaining transparency and CCA compliance, which are critical aspects of the New Zealand construction landscape.
  • Financial and Operational Benefits: Payapps improves efficiency and reduces financial risks by providing a single source of truth for all contract administration activities. This minimises disputes and enhances the overall financial health of projects, which is crucial in an industry facing rising costs due to labour shortages and material price hikes, challenges particularly relevant in New Zealand’s post-pandemic recovery. Toni Clarke, Chief Financial Officer at BuildCorp, highlighted the impact of Payapps on their operations:

    “Payapps has transformed our approach to managing contractor payment claims.  The transparency and efficiency it brings have significantly reduced our administrative burden, allowing our teams to focus on delivering high-quality projects on time and within budget.”

  • Empowering the Next Generation: With Payapps research highlighting that 42% of professionals in the industry have three or fewer years of experience, Payapps’ ease of use and intuitive interface cater to the expectations of a digitally native workforce, ensuring a smooth transition and adoption of technology.

 

The shift from manual processes to specialised construction technology is not just an option but a necessity for New Zealand construction businesses aiming to thrive in today’s competitive landscape.  By embracing tools like Payapps, companies can improve collaboration, ensure compliance, and significantly enhance project outcomes.  As Scott Lockwood succinctly puts it, 

“Embracing technology is not just about staying current; it’s about paving the way for a more efficient and collaborative future in construction.”

 

To learn more about how Payapps can transform your New Zealand construction projects, watch the full webinar and visit the Payapps website. Discover how leveraging advanced technology can help you overcome collaboration challenges, ensure compliance, and drive better project outcomes in the New Zealand construction industry.

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Ditching Spreadsheets, Embracing Specialised Construction Technology https://www.payapps.com/blogs/ditching-spreadsheets-embracing-specialised-construction-technology/ Mon, 19 Aug 2024 02:50:13 +0000 https://www.payapps.com/?p=7253 Discover how the construction industry is evolving by ditching spreadsheets and embracing specialised technology for better collaboration.

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The Australian construction industry is undergoing a significant transformation, driven by the need for greater efficiency, collaboration, and compliance.  Manual processes, particularly the reliance on spreadsheets for managing progress claims and project administration, are proving increasingly inadequate in today’s fast-paced and complex construction environment. The recent webinar “Building the Future: Leveraging Specialised Construction Technology for Better Collaboration” highlighted the urgent need for change and the transformative power of specialised construction technology like Payapps.

 

The Spreadsheet Predicament:

In many Australian construction companies, manual processes—particularly spreadsheets for managing progress claims and project administration—are still common.  However, these methods are increasingly proving inadequate.  Spreadsheets are time-consuming, prone to errors, and lack real-time visibility, leading to inefficiencies and disputes derailing projects.

Scott Lockwood, Head of Customer Success at Payapps, emphasises the limitations of traditional methods:

“While spreadsheets are excellent for data analysis, they are not designed for collaborative project management.  They create silos of information and can lead to significant delays and disputes.”

 

The Power of Payapps in Transforming Australian Projects

Specialised construction software like Payapps offers a robust solution.  By streamlining progress claim review and approval workflows and providing real-time updates, Payapps eliminates many of the common issues associated with manual methods.  This transition streamlines operations and ensures compliance with regulatory requirements, such as those stipulated in Australia’s construction laws.

Joanna Rivera from ATG Projects shares her positive experience with Payapps:

Switching to Payapps has been a game-changer for us.  The real-time visibility and automation have significantly reduced errors and improved our collaboration with subcontractors.  Compliance has become a non-issue, and we can now focus more on delivering quality projects on time.”

 

Enhancing Compliance and Reducing Risks

One of the standout features of Payapps is its ability to integrate seamlessly with existing ERP and accounting systems.  This ensures consistency and accuracy across all financial and administrative functions.  The software also includes comprehensive reporting tools, such as retention ageing reports, which are crucial for maintaining transparency and compliance.

According to the “Building the Future” report, 26% of quantity surveyors and contract administrators still rely on manual processes, which significantly hampers productivity and accuracy.  The report highlights a strong desire for tools that offer automation, enhanced collaboration, and standardised processes—needs that Payapps is designed to meet.

In a recent Inside Construction feature, Toni Clarke, Chief Financial Officer at BuildCorp, highlighted the impact of Payapps on their operations:

“Payapps has transformed our approach to managing contractor progress claims.  The transparency and efficiency it brings have significantly reduced our administrative burden, allowing our teams to focus on delivering high-quality projects on time and within budget.”

Clarke also emphasised the importance of integration:

“The integration of Payapps into our existing systems has been seamless.  The ability to manage progress claims, variations, and retentions in one platform has improved our compliance and reduced the risk of costly disputes.”

 

Financial and Operational Benefits for Australian Construction

Adopting specialised technology like Payapps improves efficiency and reduces financial risks.  By providing a single source of truth for all contract administration activities, Payapps minimises disputes and enhances the overall financial health of projects.

This is crucial in an industry facing rising costs due to labour shortages and material price hikes.

Toni Clarke further commented to Inside Construction on the benefits of a unified platform:

“With Payapps, we’ve been able to establish a single source of truth across our projects, ensuring all stakeholders are aligned.  This has not only improved collaboration but has also enhanced our ability to meet project deadlines and maintain strong relationships with our subcontractors.”

The transformation from manual processes to specialised construction technology is essential for modern Australian construction businesses. By adopting tools like Payapps, companies can improve collaboration, ensure compliance, and significantly enhance project outcomes. As Scott Lockwood succinctly puts it,

“Embracing technology is not just about staying current; it’s about paving the way for a more efficient and collaborative future in construction.”

 

To learn more about how Payapps can transform your Australian construction projects, watch the full webinar and visit the Payapps website. Discover how leveraging advanced technology can help you overcome collaboration challenges, ensure compliance, and drive better project outcomes in the Australian construction industry

The post Ditching Spreadsheets, Embracing Specialised Construction Technology appeared first on Payapps.

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