S
M
A
R
T
M
A
R
K
E
T
BR
IE
F
IMPROVING
THE
CONSTRUCTION
PROGRESS
AND
PAYMENT
PROCESS
Challenges in the Process
More Automated Method of Gathering Accurate Progress Information During Construction
42%
28%
33%
38%
27%
38%
21%
48%
21%
38%
Faster Method for the GC to Validate Accuracy of Trades' Progress Submissions
Trades Submitting More Accurate Progress Information to the GC
Single Software Solution Among Trades, GCs and Owners
Trades Submitting Progress Information to the GC More Quickly
Owners Contractors
TOP MEANS OF ACCELERATING PROCESS OF
ASSEMBLING APPLICATIONS FOR PAYMENT
Owners and contractors who responded that it takes contractors too
long to assemble their applications for payment were asked what
would be the most effective means of accelerating that process.
The chart at right shows the top five ways selected by owners, and
highlights contractors' differences in perspective.
■
The highest percentage of owners (42%) believe that more
automated methods of gathering accurate progress information
during construction is among the top means, but that option
ranks sixth for contractors.
■
Nearly half (48%) of contractors think that a single software
solution among trades, GCs and owners for this process would
be most effective, but this option ranks fourth among owners.
■
Contractors are also more emphatic than owners about the
value of several improvements related to the submissions they
receive from the trades, including receiving more accurate
progress information, a faster method to validate the accuracy
of their progress submissions and getting those progress
submissions more quickly.
These findings reinforce the need to improve the flow of information,
not just between owners and GCs, but also between GCs and the
trades, to improve the progress and payment process.
Most Effective Means of Accelerating Contractors'
Process for Assembling Pay Applications
According to owners and contractors who believe that the process contractors use to
put payment applications together takes too long
© Dodge Data & Analytics w w w.construction.com Premier Par tner: e-Builder SmartMarket Brief: Connecting Owners and Contractors 15
