Owner Insite > Incurred Costs
Our Approach with Pay Apps
To keep a construction project on schedule, it’s important to minimize delays in paying contractors, consultants, and vendors. But without the appropriate safeguards, double billing and over-payments can undermine your project budget and create administrative headaches at closeout.
Owner Insite’s Pay Application feature streamlines how contractors request payment for services without sacrificing the transparency and accountability that owners demand from their project teams.
The comprehensive log view gives you compete transparency into the process, reducing errors and eliminating the possibility of nasty surprises. And regardless of where you are in the project schedule, you’ll stay in full control of your finances from pre-construction to closeout.
When contractors, consultants, and vendors submit invoices for work completed or materials purchased, Owner Insite’s platform allows you to approve payment against a specified contract and then automatically track the cost against the project budget. You’ll always have up-to-date visibility about your construction project’s financial health . . . and always be able to hold stakeholders accountable.
And because you and your entire project team can access Owner Insite’s secure cloud-based platform from anywhere on any device, pay application delays are dramatically reduced. That translates into greater time-on-task for everyone involved, and helps maximize your ability to complete construction projects on schedule.
Want to See This Feature in Action?
Schedule a 20-minute demo and learn how Owner Insite’s construction management software can potentially save you millions of dollars and months of lost time.