Fewer than half of contractors and
only about two thirds of owners
are fully satisfied with the current
construction progress and payment
process. A big part of the challenge
is exchanging information easily
and quickly to allow owners to more
rapidly validate GCs' submissions.
Contractors also continue to
subjectively estimate project progress
and to rely on manual methods to
measure that progress.
More GCs believe that the key to
accelerating this process and getting
paid more promptly by owners lies in
better data exchange through a single
software solution and better ability for
owners to validate their information.
Also owners and contractors agree
that having the entire project team on
a single software platform would be
valuable to help improve this process.
OWNERS
Accelerating the
timeliness of contractor
payments by owners:
Accelerating the contrac-
tor's process of putting
together pay applications:
Contractors who
use manual
methods to
measure project
progress on more
than half of their projects
Unsatisfied or neutral about the
current construction progress
and payment process
Top methods of accelerating timeliness
of processes according to contractors
Finds value in having entire project
team on a single software platform
to improve the progress and
payment process
Key Findings
S
M
A
R
T
M
A
R
K
E
T
BR
IE
F
KEY
FINDINGS
IMPROVING THE
CONSTRUCTION
PROGRESS AND
PAYMENT PROCESS
CONTRACTORS
60%
42%
Challenges to smooth construction progress
and payment process
Contractors who
subjectively
estimate project
progress on more
than half of their projects
73%
49%
Faster methods for
owners to validate
accuracy of GC payment
applications
Single software solution
for owners, GCs and trade
contractors
OWNERS
CONTRACTORS
79%
70%
1
24 SmartMarket Brief: Connecting Owners and Contractors Premier Par tner: e-Builder © Dodge Data & Analytics w w w.construction.com
