NEW ORLEANS, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Rhumbix, a mobile platform designed for smarter construction sites, today announced the launch of Digital Time and Materials Tracking on its Field Intelligence platform at the Associated General Contractors of America Convention in New Orleans. This new addition to the Rhumbix platform digitizes T&M tickets for subcontractors and general contractors, with data generated from the field, with cloud-based reporting and approvals tracking. This gives general contractors and owners a real-time view of their exposure to additional costs associated with T&M work.
“Paperless time and materials tags for all subcontractors, direct from the field, mean faster, easier, more complete data,” said Rhumbix Co-founder and CEO Zach Scheel. “With T&M tracking, Rhumbix is tackling yet another paper-based workflow ripe for digitization.”
Today, paper is still the medium most subcontractors use to track work they complete that is outside their contracted scope. Paper T&M tickets are generated on carbon copy sheets and handed off to general contractors and owners for processing. While this sounds easy, the problems caused by a simple slip of paper can be a real headache for everyone.
“Relying on paper for time and materials tracking often leads to duplicate data entry, lost tickets, and delays in getting contractors paid,” said Rhumbix Co-founder and COO Drew DeWalt. “Digitizing T&M tags provides immediate visibility and makes the process less painful. No more running paper copies to stakeholders and the home office, or discovering an extra work tag in a truck months later.”
Within Rhumbix’s Field Intelligence platform, users will now be able to instantly generate time and materials tags, with accurate real-time data on labor, equipment and material resources used. Field verification and signatures can be obtained, and completed tickets immediately shared with responsible personnel in the home office or field trailer. Rhumbix’s time and materials tracking works independently of specific ERP software solutions, is easy for anyone to use, and works for field or office-bound general contractors, subcontractors, and even sub-tier vendors.
Automating and digitizing T&M tags delivers three key benefits:
- Immediate visibility into T&M costs for multiple stakeholders: As soon as a subcontractor foreman creates a new T&M ticket using Rhumbix, it can be made available to multiple stakeholders, as needed. Subcontractors, general contractors, owners, architects, and construction managers can all be informed the moment T&M work is documented in the field, empowering analysis and action.
- No more lost T&M tickets: Digitization removes the risk of lost or delayed T&M charges surprising cost-sensitive owners at the end of a job, while protecting subcontractors from the commercial impacts of getting paid late, or not at all.
- Automated evaluation of cost: By rolling up all T&M costs in a single system, project stakeholders have the ability to see, at a glance, the total value of T&M risk incurred by a subcontractor on a project.
With Rhumbix, project teams finally have a comprehensive solution for digitizing T&M workflows, removing a key source of frustration and administrative burden for project teams, and improving cost recovery.
About Rhumbix
Rhumbix modernizes construction field operations, helping builders go paperless in the field and improving how they measure and manage labor productivity. Our Field Intelligence Platform™ is a cloud-based mobile workforce management solution that collects and digitizes data from previously paper-based workflows. This ensures all project stakeholders have the best data, when they need it, to make better decisions and draw actionable insights setting a standard for the “digital age” foreman. Rhumbix is currently being used by 7 of the top 20 builders in the United States and the platform has delivered ROIs ranging from 500-800%. Headquartered in San Francisco, California, Rhumbix was founded in 2014 by Navy veterans with deep experience in the construction industry and is backed by tier-one investors. For more information visit: www.rhumbix.com.