It is important for any business in the construction industry to be able to manage their subcontractors efficiently and effectively, failure to do so can have multiple consequences. Losing track of accounts or invoices is likely to result in you failing to pay your subcontractors on time. Therefore, it is important that you are able to manage your subcontractors easily and that you do not become weighed down by the responsibility and complexity of handling so many aspects and responsibilities expected of a construction company. That’s where Integrity Construction Software comes in. Here’s how you can benefit from subcontractor management software…
Keep a record
Your job will be made far easier if you are able to keep good, clear records of every subcontractor who has ever worked for you. This way, you can simply look back through your records to find the right person for the job, making the whole process quicker - especially if demand is high and you need to try a few before finding subcontractors that are available. Keeping records manually and storing them in filing cabinets ‘can be an inefficient practice’. Nowadays you can rely on construction-specific software to help you create and store records on all previously employed subcontractors, so that you can access their information in just a few quick clicks.
With so much on your plate it can be tempting to take short cuts and just get the workers you need for the job on site, but HMRC is keen to keep track of the income of subcontractors. To avoid serious consequences you need to ensure all subcontractors are registered with HMRC and that you send out monthly returns forms. Doing this by hand can be time consuming and after a long day mistakes are bound to happen. Luckily, Integrity Software files all returns electronically for you and can even automatically verify whether or not subcontractors are registered under CIS, and how they need to be treated for tax deductions saving you a great deal of time and stress.
Pay on time
Construction companies can have any number of subcontractors working for them at any one time, so it can be difficult to keep on top of payments - especially if you’re paying them in stages, only settling the final part when all work has been signed off. Integrity Software enables you to set up payment due dates and involve authorisation control by QS and or Contract/Project Managers, so that your subcontractors will be paid as agreed, without fuss, on time, every time.
If you’re interesting in benefiting from Integrity Software’s subcontractor management software, explore the website to find out more about it or get in touch with a member of our team today.