Construction software: a glossary of terms
The world of construction accounts management software can be somewhat confusing – this guide breaks down some of the jargon.
Videos
In addition to our helpful introductory video, we’ve also compiled this glossary of terms to help you decode some of the potentially confusing language we use on our website. If we’re ever guilty of indulging in a little too much jargon, simply refer to this handy guide!Applications and retentions - Applications and retentions are the processes through which subcontractors receive payment. Using construction software, subcontractors will frequently apply for payment and the funds will be retained until the work has been completed to a satisfactory standard.BACS (Bankers Automated Clearing … Read more
