Subcontract Management

Construction professionals must manage more risk than ever before in today's market. A disciplined approach to assuming this added responsibility is therefore required, especially when dealing with subcontractors who are untried or who overestimate their capabilities. The StreetSmarts™ Subcontract Management module puts into place precise controls to manage this risk by providing comprehensive and automatic processing of all subcontractor invoices. Utilizing the invoice generated by the Contract Management module, Subcontract Management identifies tasks containing subcontractor items, calculating open payable invoices for each subcontractor. The module is also designed to help identify subcontractor performance, and manage contract insurance certificates and bonds to reduce exposure to potential project conflicts.