The need for speed – streamlining the construction valuation and payment process in a fast-paced environment
Many contractors have to deal with short contract timescales where a need for speed can be a challenge. Hasty estimates make scope creep and variations more likely, which in turn increase the likelihood of disputed valuations, project delays and escalating costs.
Our latest event saw Payapps customers come together with those new to the idea of digitising payment claims. A day of educational sessions, customer updates, networking and speedboating along the River Thames was enjoyed by all.
We discussed how fast-paced projects can be streamlined by improving collaboration across contracting parties and introducing efficient processes, along with tips for avoiding project delays and disputes.
Watch the highlights below…
A big thank you to our speakers:
Iain McIlwee, CEO, FIS – Modernising Procurement
Following research with the University of Reading, Iain looked at insights into some of the procurement challenges and trends impacting effective project delivery and which modern methods of procurement allow a focus on quality and good outcomes
Dr John Fletcher, Director of Dispute Resolution, RICS – Conflict Avoidance Pledge
With over 300 organisations having now signed the pledge, John discussed how taking early steps to avoid conflict can improve project delivery and pace of work.
Rob Driscoll, Director of Legal & Business, ECA – Improving Construction Payments
Stability of supply chain payment are critical for successful project delivery. Rob looked at payment practices now and the future digital direction for government and industry improvement of cash flow.