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Financials

Extensive financial options to satisfy your customers

Our construction project management platform offers extensive budgeting and billing options that will allow you to include progress against a schedule of values, cost plus, manage time & materials, and create generic commercial invoicing. Manage your schedule of values and make any necessary updates so you can bill the customer accordingly.

AIA-Style Progress and Cost Plus Billing

With RedTeam’s construction project management software, you can produce detailed AIA-style billing as progress billing or cost-plus billing. You can then invite clients to collaborate on the preparation of these documents and keep an accurate record of all the communication that is taking place during the construction process. Use preloaded G702/703 AIA-styled contracts for customer compliance. Complete progress billing on AIA-style applications for payment or letter-style invoices. Efficiently manage cost-plus billing to your customers when it is needed.

 
 

Invoice Approvals

The invoice approval workflows allow you to validate vendor invoices against the commitment schedule of value, validate credentials like insurance documents, and move the invoice through your internal approval process. With our TeamPlayer mobile application, this process is now 100% paperless. Quickly record time and materials for work performed in the field on T&M Sheets and combine these documents into an invoice to bill your customers.

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revenue recognition & financial reporting

“The more I use RedTeam the more I find out just how intuitive the software is. The developers and programmers must really understand the industry and what is important to users and management. As a finance person, I’ve found the accounting interface to work well and the integrated reports to be very useful.”

JEFF MAAS

Envirostruct

WIP Reports

Because RedTeam helps you manage every aspect of your projects both from the field and the office, all the financial information is made readily available to you and the team in real-time. Each project has individual detailed budget control and reporting. All that information is organized to provide you with a live work in progress (WIP) report giving you complete visibility into the financial health of your organization.

 

RedTeam At A Glance

BuilderChat

Bringing the most successful industry experts together and diving into their challenges, experiences, and key learning tips on how to manage different aspects of their construction business with our podcast!

Best Practices

In the constantly changing construction industry, it’s hard to keep up-to-date with the latest trends and best practices. Here at RedTeam, we do our best to provide you with the resources to make sure that you never miss out.

RedTeam Cares

RedTeam Cares is a community where we celebrate the impact construction companies have in their community by giving back. We would love to highlight the non-profit work your business conducts.

This is Just the Beginning.

In-depth and accurate financial reporting is just one of the many ways that RedTeam helps contractors every day. To get the best look at how our construction management software can help your business, sign up for a demo today!

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