BENEFITS
Why Construction Edition?
Utilizing our years of experience with NetSuite and the Construction Industry, we have developed specific extensions designed exclusively for the Oracle NetSuite platform.
Our Construction Edition helps construction firms like you optimize your operations and drive increased productivity across all your processes and provides real-time visibility.
FEATURES
Construction Edition Features
Contracts
Links between contract details and tasks in the project plan include all change orders.
Job Costing
Capture labour, material and equipment costs from any device providing instantaneous updates to keep project management and accounting in sync. Simplify the process of calculating taxes for a project – tax zones are specified directly in the project and automatically retrieved and calculated for all invoices, purchase orders, subcontracts, and expenses.
Project Billing
Confirm details and automatically generate pro forma, progress, and time and material invoices.
Retainage
Manage initial retainage and any changes to streamline invoicing and payments. Retainage tracking is supported for progress billing and time and material billing.
Budgets
Budgets directly link to contracts, accounting, and the project plan for managing hard and soft costs, change orders, profits, overheads, and fees in real-time.
Change Orders
The change order is a document for profitability analysis and an audit trail of changes to the project revenue budget, commitments, and budgeted costs. Streamline change orders for multiple construction projects with unit rate changes, custom retainage, and cost-only change requests.
Compliances
Manage lien waivers and releases, insurance, certificates, and status updates, providing expiration and other alerts to staff and suppliers.
Revenue Recognition
Recognize revenue based on your performance obligations, including time & materials, cost-based percent complete, and project milestone
