Progress claims are crucial in construction, allowing contractors to get paid for completed work and enabling clients to track project progress.

However, many progress claims are still submitted manually via email, spreadsheets, or generic templates. This can expose both subcontractors and general contractors to risks in the claims and payments process.

Subcontractors typically submit monthly claims in various formats, creating confusion for general contractors and potentially leading to inaccurate claim values.

The Security of Payments Act (SOPA) outlines strict timelines for assessing and paying claims. Manual submissions may result in missing documentation, slowing down approvals and adding extra administrative burden for both parties.

When general contractors need additional information, they usually contact subcontractors via phone or email. This can lead to delays due to absences or staff turnover, with important interactions potentially being lost.

When subcontractors submit progress claims in a manual format, they have no visibility on the progress of their claim assessment or approval. This can lead to uncertainty and concerns around approval times and payments processes.

Earlytrade offers a revolutionary Progress Claims solution that simplifies claims management through cutting-edge technology. The solution reduces compliance risks and claim discrepancies with a streamlined digital process, providing unparalleled transparency. This leads to fewer disputes with subcontractors and improved accuracy, allowing your team to focus on delivering exceptional construction work and growing your business.

With Earlytrade’s software, general contractors can request all required information in a standardised format that both parties can easily understand. This enables subcontractors to submit claims quickly and focus on their projects.

Subcontractors can easily upload and store relevant documents, such as insurance, and attach them to claims, including variation requests and retention releases.

General contractors and subcontractors can communicate through in-app messages for updates or requests, with tasks set to remind subcontractors of deadlines.

At Earlytrade, we believe in fair and equitable submission and assessment of progress claims. Our software offers transparency for both parties during the claim process allowing subcontractors comfort around the claims and payment approval process.