Question 1

How does construction equipment tracking work?

Emily Johnson · Accepted Answer

Construction equipment tracking provides the ability to see where your assets are at any given time. It typically uses GPS tracking to provide the specific location for each piece of machinery.

Question 2

How accurate is GPS tracking for construction equipment?

Emily Johnson · Accepted Answer

GPS technology is precise and can typically track within a 100-foot radius. Its accuracy is vital in construction due to the dynamic job sites.

Question 3

What kind of data can be collected with equipment tracking?

Emily Johnson · Accepted Answer

You can record pretty much any information on construction equipment that you want. This can include the name, age, upcoming maintenance and warranties.

Question 4

What types of construction equipment can be tracked?

Emily Johnson · Accepted Answer

Any type of construction equipment can be tracked through a system. Typically, bigger equipment like heavy machinery is a priority since it carries the highest costs.

Question 5

How long does it take to install a tracking system for equipment?

Emily Johnson · Accepted Answer

Hardwired GPS can take installers between 30-45 minutes. If you’re using construction equipment tracking software, you will need time to train your team on the system, which can take several days to implement successfully.

Question 6

What is construction budgeting software?

Emily Johnson · Accepted Answer

Construction budgeting software is technology used to track your finances in real time from anywhere. This process typically includes tracking your estimated costs, revised costs, total costs and outstanding costs throughout the job.

Question 7

Why is construction budgeting software important for builders?

Emily Johnson · Accepted Answer

Construction budget software is important for builders to modernize the way they run financial processes. Although a manual process may be working, there are likely mistakes being made and dollars being lost. By using technology to budget in construction, you’ll be able to reduce costly errors and keep jobs on track.

Question 8

How do you create a budget for a construction company?

Emily Johnson · Accepted Answer

To create a construction company budget, start by estimating for necessary costs such as labor, equipment, permits and other timeline-related expenses. Then, compare these estimates with your company’s financial resources to set realistic spending limits. Some financial resources to consider may include cash flow and reserves, available assets, debts and more.

Question 9

What are the 3 parts of a construction budget?

Emily Johnson · Accepted Answer

A construction budget can typically be segmented by direct costs, indirect costs and contingency funds. Direct costs include expenses such as construction worker wages or lumber. Indirect costs may include office rent or utility costs. Contingency funds are typically set aside from the onset to help cover unforeseen expenses or changes in project scope. Construction budget control software can help you set up, estimate and manage actuals of these three categories.

Question 10

How do you track construction budgets?

Emily Johnson · Accepted Answer

Tracking construction budgets involves regularly monitoring expenses, making comparisons to budgeted estimates and adjusting when necessary. It’s important to leverage construction budget tracking software to help reduce error and minimize risk of overruns. When leveraged correctly, this can help ensure profitable project completions, satisfied clients and financially-stable business operations.

Question 11

Are online payments through Buildertrend secure?

Emily Johnson · Accepted Answer

Yes. Buildertrend’s Client Payments are backed by bank-grade security to keep your clients’ information safe.

Question 12

Can I control who can issue payments?

Emily Johnson · Accepted Answer

Yes, you can assign roles and permissions to ensure only authorized users approve or send payments in Buildertrend.

Question 13

Can I pass payment processing fees to my clients?

Emily Johnson · Accepted Answer

Yes. With just one click, you can choose to pass credit card processing fees directly to your clients – giving you more control over your bottom line.

Question 14

Can I pay vendors and suppliers, or only subcontractors?

Emily Johnson · Accepted Answer

You can support payments to subs, vendors, suppliers and any other project-related partners.

Question 15

Do online payments through Buildertrend integrate with my accounting tools?

Emily Johnson · Accepted Answer

Yes. Payments sync with QuickBooks and Xero, helping you eliminate double entry and keep your books up to date.

Question 16

Does my construction company need online payment software?

Emily Johnson · Accepted Answer

Yes. It helps with having a healthy cash flow and keeps subs and clients happy. If you’re waiting weeks to get paid, you’ve upset subs with delayed payments or you’ve lost out on a job because the client wanted more convenient options – it’s time to upgrade.

Question 17

Does using Buildertrend reduce errors?

Emily Johnson · Accepted Answer

Yes. Payments are synced with the job, eliminating duplicate data entry, manual calculations and misaligned approvals.

Question 18

How do I start using Buildertrend’s Client Payments?

Emily Johnson · Accepted Answer

You can apply directly from your Buildertrend account by going to Payments Settings. We’ll need key business and ownership details – including tax ID, bank account info and identity verification for owners or controllers. Once your application is reviewed and approved, you’ll receive your monthly processing limit and can start accepting payments right away.

Question 19

How does this save me administrative time?

Emily Johnson · Accepted Answer

By keeping requests, approvals and payments in one system, Contractors avoid switching platforms, re-entering data and tracking multiple tools.

Question 20

How is pricing structured?

Emily Johnson · Accepted Answer

Pricing is per transaction. You pay only for what you use with no extra platform fees.

Question 21

How much faster are ACH payments compared to traditional methods?

Emily Johnson · Accepted Answer

Subcontractors and vendors typically receive payments around seven business days faster than mailing or manual methods.

Question 22

How quickly will I receive funds?

Emily Johnson · Accepted Answer

Processing time for ACH and credit cards is 3-5 business days.

Question 23

Is Buildertrend Payments secure?

Emily Johnson · Accepted Answer

Yes. All transactions are encrypted and follow industry-standard security protocols for financial data.

Question 24

Is there a limit to how much I can process?

Emily Johnson · Accepted Answer

Yes. Every Buildertrend Payments account starts with a monthly processing limit based on your business and financial profile – similar to a credit card limit. You’ll also have a per-transaction cap of $120,000. As you continue processing payments and our payment processor gains familiarity with your account, your limit may increase over time. Many builders see their limits grow as their account matures.

Question 25

What documentation is stored?

Emily Johnson · Accepted Answer

Every payment, approval and job-related transaction is automatically synced and documented in Buildertrend for easy reference and audit purposes.

Question 26

What is construction payment software?

Emily Johnson · Accepted Answer

Construction payment software is a way to automate the payment process between general contractors and their subs or clients. It allows them to pay and get paid online through use of a credit card or e-check.

Question 27

What payment methods can my clients use?

Emily Johnson · Accepted Answer

Clients can pay using ACH (bank transfer), debit and credit cards, Apple Pay or Google Pay. No portal sign-up is required – just a secure link they can click to pay instantly.

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