Paper is still the medium many subcontractors use to track work they complete that is outside their contracted scope. Paper T&M tickets are generated on carbon copy sheets and handed off to general contractors and owners for processing. While this sounds easy, the problems caused by a slip of paper can be a headache for everyone.
Within the Rhumbix Field Intelligence platform, users will now be able to generate time and materials tags with real-time data on labor, equipment and material resources used. Field verification and signatures can be obtained, and completed tickets can be shared with responsible personnel in the home office or field trailer. Its time and materials tracking works independently of specific ERP software solutions, is user friendly, and works for field or office-bound general contractors, subcontractors, and even sub-tier vendors.
Automating and digitizing T&M tags delivers three benefits:
- Visibility into T&M costs for multiple stakeholders – As soon as a subcontractor foreman creates a T&M ticket using Rhumbix it can be made available to multiple stakeholders, as needed. Subcontractors, general contractors, owners, architects, and construction managers can all be informed the moment T&M work is documented in the field, empowering analysis and action.
- No more lost T&M tickets – Digitization removes the risk of lost or delayed T&M charges surprising owners at the end of a job, while protecting subcontractors from the commercial impacts of getting paid late or not at all.
- Automated evaluation of cost – By rolling up all T&M costs in a single system, project stakeholders have the ability to see the total value of T&M risk incurred by a subcontractor on a project.
With Rhumbix, project teams have a solution for digitizing T&M workflows, removing a source of frustration and administrative burden for project teams, and improving cost recovery.