How to Track Contractor Payments and Claims Without Chaos
Tracking contractor payments stays organized when every payment is linked to a specific claim or item and recorded with a documented voucher. That way each contractor statement stays clear and the remaining balance is known at any moment.
Link every payment to a claim or item
Instead of paying a lump sum, link it to the work actually executed. This shows what the money was paid against and simplifies settlement.
Record payments with documented vouchers
Every payment is recorded with a voucher linked to the contractor and project. Read contractor payment vouchers.
Track claims by completion percentages
A claim represents the value of work executed during a period. Link it to completion percentages from the BOQ so payment is fair to both sides.
Review the contractor statement continuously
An instant statement shows dues, paid, and remaining, so there are no surprises or disputes. See contractor reports and read the subcontractor account statement.
Conclusion
Chaos in contractor payments comes from a lack of linking and documentation. A system that links payments to items and claims protects your relationship with contractors and your money. Discover Bonyan contractor management software.
Frequently Asked Questions
How do I track contractor payments without chaos?+
Link every payment to a claim or item, document it with a voucher, and review the contractor statement continuously.
What is a progress claim?+
A claim for the value of work executed during a period, based on completion percentages from the BOQ.
Why link the payment to the item?+
So it is clear what the money was paid against, and the final settlement is easier when the project closes.
Does the software update the contractor statement automatically?+
Yes, every payment voucher updates the statement instantly, so the remaining balance is known at any time.