StreetSmarts Modules
Subcontract Management
With the Subcontract Management module, businesses can minimize risks associated with subcontractors.
Construction professionals must manage more risk than ever before in today’s market. A disciplined approach to assuming this added responsibility is required, especially when dealing with subcontractors who are untried or who overestimate their capabilities.
Subcontract Management puts into place precise controls to manage this risk by providing comprehensive and automatic processing of all subcontractor invoices. Using the invoice generated by Contract Management, Subcontract Management identifies tasks containing subcontractor items and calculates open payable invoices for each subcontractor. The module is also designed to generate subcontract documents, identify subcontractor performance, and manage subcontractor insurance certificates, bonds and documents to reduce exposure to potential project conflicts.
Using Subcontract Management, you’ll appreciate these benefits:
- Administrative compliance feature tracks required documents and flags payments in Accounts Payable.
- Allows joint payments to subcontractors and their suppliers.
- Backcharges for bonding and other items can be attached to the subcontract. These are automatically included in the invoices to avoid overpayment.
- Calculated pay estimates can be generated and adjusted many times for additions and corrections.
- History files maintain insurance and bonding certificate expiration dates. The system warns when these certificates have expired.
- Interfaces directly with the Contract Management module, bringing quantities billed to the owner into the estimate for the subcontractor.
- Retainage percentages can be defined by project or by task and can be easily adjusted on any billing.
- Pay-When-Paid payment terms. Subcontract invoices are unapproved for payment until payment is received for the contract pay estimate. Once payment is received from the owner, subcontract invoices are released for payment.
- Easily track current, previous, and to-date quantities and dollar amounts.
- Invoices generated and posted in Subcontract Management immediately update the Job Cost, Accounts Payable, and General Ledger modules for one-step processing.
- Payment terms for contracts can override normal vendor terms for flexibility and control.
- Sales/Use Tax is defined per project and is calculated automatically.
- Status/Payment report provides a worksheet for generation of an estimate or field reporting.
- System allows reprinting of invoices at any time and complete reversal of posted invoices for adjustment purposes.
- Lien waiver tracking system warns of payment prior to the receipt of the waiver to control payments and maintain lien law compliance.
Reports include:
- Pay Estimates
- Progress Reporting Form
- Summary w/ Approved Change Orders
- Subcontract List by Project
- Subcontract Task Listing

