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Colonial Modules

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Construction Billing

With the Construction Billing module, businesses have a specialized billing solution for contractors.

This specialized Maxwell Systems Colonial component helps contractors manage AIA billing. Data is drawn from Job Costing to prepare forms G702™ (Application and Certificate for Payment) and G703™ (Continuation Sheet). Billings can be based on a percent complete or a percent billable of scheduled value. Alternatively, the billings can be based on job-related expenses recorded through Accounts Payable, Payroll/Labor Distribution and Equipment.

Construction Billing is tailored to the construction industry with specialized controls for retainage, contract billing, job billing, and Time & Material Billing.

Using Construction Billing, you’ll appreciate these benefits:

  • Retainage for each activity can be based on the retainage percent defined in the contract or subcontracts for that job, or entered when the current billing is calculated.
  • Contract Billing and Job Billing formats let contractors bill at either the detail level defined in the job budget or by user-defined contract activities. Flexible billing options allow users to create billings based on classic AIA specifications as a factor of the scheduled value for each activity on a job.
  • Time & Material Billing: Billings can also be created on a cost-plus basis. Billing Rates are defined for each employee and activity on the job. Each job may have its own markup schedule. In addition, each cost type (labor, materials, equipment, subcontract costs, etc.) can be assigned a specific markup. As costs are incurred, bills are generated to customers, reflecting the incurred costs and the preset markup for the job.
  • Create billings based on a markup of actual costs. This significantly expedites the billing process by eliminating the need to manually reenter incurred costs.
  • To customize invoicing, specify markups on accounts payable invoices or labor hours by employee prior to printing the invoices. This flexibility helps ensure that the product will meet your needs regardless of the billing mechanism specified by your next contract.
  • Convenient editing features allow users to edit employee hours, classifications, or rates. In addition, users may change accounts payable invoice amounts or markups, delete a labor or accounts payable entry, add a new labor entry, or add an accounts payable entry.
  • Choose to print invoices in detail or summary formats. Decide exactly how much detail to present to each client.
  • Flexible queries allow custom report writing within standard report structures. Reports can then be printed, e-mailed, saved as PDF, or used with Microsoft Excel.

 
 
 
 
 
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Conquering Property Manager Wish List

Learn how you can improve accuracy, organization, tracking, and reporting with property management software. 

Luken Holdings

With 50 holdings and more than 400 tenants, Luken uses Maxwell Systems Colonial to streamline unique processing requirements with efficient invoice processing, and integrated accounting, reporting, and forecasting tools.

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Our Story of Complete Construction Software

Maxwell Systems provides construction software solutions that help contractors to streamline workflow, increase productivity, and improve profitability. Furthermore, we understand that today's contractors must optimize processes across all business areas to gain or maintain an increasingly important competitive edge and ensure a successful business. Critical, to that end, is timely and efficient communication and information access among estimating, job cost accounting, and project management teams.

By using a Maxwell Systems complete construction software solution, you'll be able to better operate your business with increased efficiency and streamlined operations, and confidently increase profitability on every project. You will have the tools you need to accomplish more in less time; taking the guesswork out of reaching true profit potential; and improving financial stability for long-term benefit.

Why Maxwell Systems?

Maxwell Systems is truly unique with its ability to offer contractors a complete, seamless software solution that allows:

  • A new level of continuity and productivity among estimating, job cost accounting, and project management
  • Better insight, analysis, and financial oversight for owners to make informed and timely decisions
  • Improved operational efficiencies, cost reductions, and increased profits

Contractors value having an end-to-end solution from one company:

  • All applications work together seamlessly
  • Efficient access to comprehensive support and services
  • A stable technology partner committed to customer success

How Your Business Benefits

A complete construction software solution from Maxwell Systems provides end-to-end control of your business so you can see a day's profit potential at a glance, identify and prevent potential financial losses, spot discrepancies and errors, and manage projects with accurate information in real-time.

With tailored features designed to fit each member on your team, construction company management software ultimately allows your business to:

  • Attain end-to-end control and increased visibility
  • Achieve easy and accurate reporting with real-time data
  • Optimize project execution for maximum profitability
  • Streamline operations with seamless workflow

The Bid-to-Cash Cycle Explained

Managing each of the key process areas of a construction business – Estimating, Construction Accounting, and Project Management – requires vastly different talents and areas of expertise. The reality is that each of these functional groups is related and dependent on one another.

For your organization to run in an optimal fashion, the groups much work together in an optimal fashion. Together, these functional areas compromise what we describe as the Bid-to-Cash Cycle. And our goal at Maxwell Systems is to provide software for construction so you can bridge the needs of the functional groups, better manage this cycle, and so maximize profitability.

When construction estimating software, construction accounting software, and construction project management software are working together in a seamless system as a complete construction business management software solution, then a contractor is truly poised for optimal profit and productivity.

How does a complete solution fit your part of the cycle? Here are a few examples:

  • Owner: It's all about reducing waste, uncovering lost opportunity, exposing shortcomings, and maximizing resources – all which impact profit and the bottom line. With end-to-end visibility of every project, executives can hone business strategy, improve control of cash flow, and keep financials in the black with accurate ROI.
  • Estimator: Beyond estimating projects, the estimator can access more accurate information in regards to how the project actually performs. This will allow the estimator to improve accuracy on future estimates with actual labor and production rates, updated material prices, and other resource related items.
  • Accounting: Not only a company's construction accounting system, a complete solution helps to streamline the procurement processes for optimal efficiencies and produces more accurate purchasing processes. Additionally, billing processes, inventory issuances, and many other processes are streamlined. Less data entry, better accuracy, and reliable audit trail allow convenience and peace of mind.
  • Project Manager: The seamless workflow from Estimating to Project Tracking allows for a streamlined method of creating the job and then tracking performance against the estimate. Within the complete solution, the construction project management programs also provide the detail required for the Project Manager to understand what the Estimator was thinking when the bid was put together. Plus, by accessing real-time information whether in the office or in the field, the project manager can track progress, be more agile, and better handle all aspects of jobs from beginning to end.

Bottom Line

To succeed in today's competitive marketplace, construction business owners must improve productivity and have end-to-end visibility to see how jobs perform (and turn profit) from start to finish. Maxwell Systems knows construction company software and can be your partner by offering truly unique products (as well as support and services) that address the entire construction project lifecycle – from digital takeoff through final cash payment. Our seamless system provides your company with all the capabilities you need for estimating, job cost accounting, and project management, and ultimately for superior insight and analysis of your business.

Imagine the flexibility and insight by having one solution for estimating projects, for construction accounting programs, and for construction project software! All that and more in one system will help your business be more competitive and profitable.

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Complete Construction Software Solutions
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