Automate percentage-of-completion (POC) accounting, progress billing, and retention tracking for general contractors, subcontractors, and engineering firms.
Automate POC calculations using cost-to-cost, units-of-delivery, or efforts-expended methods. Real-time WIP reporting and revenue recognition.
Track progress billing, retainage held, and retention releases. Automatic calculation of billings in excess and costs in excess.
Manage change orders, owner requests, and claims. Update contract values and revenue schedules automatically when changes occur.
Fixed contract price with POC revenue recognition based on costs incurred or milestones achieved
T&M contracts with labor, materials, and equipment tracked separately for accurate billing
Cost-plus-fee and guaranteed maximum price contracts with markup tracking
Unit price contracts with quantity tracking and revenue recognition by units completed
AI extracts contract value, scope, schedule, payment terms, and retention percentages from construction contracts and subcontracts.
Automatic Work-in-Progress (WIP) reporting with over/under billings, earned revenue, and estimated costs to complete.
Track large projects broken into phases or multiple buildings. Separate revenue recognition for each phase or structure.
Track retainage held on progress billings. Automatic calculation of retention releases upon substantial completion or final payment.
Track approved, pending, and rejected change orders. Automatically adjust contract value and revenue forecasts when COs are approved.
Track subcontractor agreements, billings, and payments. Include subcontractor costs in overall project POC calculations.
Sync with Procore, Sage 300 CRE, Foundation, CMiC, and other construction management platforms.
Direct integration with QuickBooks Contractor Edition, Sage Intacct Construction, and NetSuite for seamless financial reporting.
Ensure compliance with new revenue recognition standards for construction. Audit-ready reports and documentation.
Commercial construction, industrial projects, infrastructure development
Civil, structural, mechanical, electrical engineering services
HVAC, electrical, plumbing, roofing, and other trade contractors
Join contractors using ContractSync AI for accurate revenue recognition