The power to attract and retain top subcontractors project after project can often come down to which GC pays faster with fewer complications. GCs operating with spreadsheets, manual recordkeeping and lien waiver management and other traditional approaches put themselves at a disadvantage with competitors that have transitioned to fast, accurate digital pay app processing.
Subs working within a paperless pay app system can expect a wealth of benefits, with faster epayment often topping the list. For the GC, the rewards can be just as impressive. A new playbook shows how a transition to automated pay app offers GCs a sizable competitive edge in teaming up with top local-market subs. The playbook also presents:
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