3. What is Subcontractor Compliance?
• Contractors require various types of
documents from their subcontractors.
– Insurance certificates
– State contractor’s license
– Lien waivers
• Requirements are tracked and maintained
through the duration of a project.
– Requirements may change or items may expire.
4. Challenges Faced!
General Contractors
• Confirming that uninsured subcontractors and lower-tiered
subs/suppliers are not on the job site.
• Monitor compliance status and expiration dates for every
subcontractor and lower-tiered sub/suppliers.
• Communicating non-compliance to subcontractors and lower-
tiered subs/suppliers.
• Withholding payment for those who are not in compliance.
• Tracking, organizing, storing and maintaining all compliance
documents.
5. Challenges Faced!
Subcontractors
• No easy way to determine which documents are required for
compliance.
• Unable to confirm whether they are in/out of compliance.
• Payment(s) withheld due to lack of communication on
outstanding compliance issues.
• Deductions or back charges created due to ill communication
on compliance issues.
6. Subcontractor Compliance TODAY
• Advancement in technology has made
compliance tracking easier and less time
consuming.
• No need to maintain extensive Excel spreadsheet
to track compliance.
• Options are available
– Compliance management integrated in accounting
software package
– Online compliance management subscription services
7. How Sage 300 CRE Can Help?
• Subcontractor compliance is a new feature introduced in the
12.1 release of Sage 300 Construction and Real Estate
(formerly Sage Timberline Office).
• Track lien waivers, certified payrolls, insurance certificates
and any compliance item you can think of.
• Receive notification when vendors are not in compliance.
• Automatically hold payment if vendors are non-compliant.
• Automatically generate lien waivers for
subcontractors, lower-tier subs and suppliers.
8. How Sage 300 CRE Can Help?
Let’s see it in action!
10. Construction Technology Insider
TAG Webinar Series
Episode 2: Construction Accounting Basics
Thursday, April 18th 10:00 a.m.
• Overview of the keys to accounting and how it relates to the
construction industry.
• Review monitoring of general ledger, accounts payable and
payroll processing.
• Discuss the importance change orders have in proper
construction accounting records.