Construction contract solutions

The construction industry is experiencing a wave of technological transformation. Every day, new technologies are born and threaten to disrupt an industry that has hardly been modernized.The time and resources required to explore all technology options and use cases can create a backlog for even the most sophisticated companies.

In the midst of all these technological options, construction companies tend to ignore the simplest technologies with the greatest impact on productivity and efficiency, such as the electronic signature.

Finally, it should be added that the construction industry is an industry that worldwide experiences contractual conflict in relationships between clients, contractors, subcontractors, suppliers and people on site, and where the technologies associated with the generation of quality contracts, contractual control and compliance with them can help generate enormous efficiencies and risk control in the sector.

Challenges

A first major challenge is the lack of digitization and resilience of this industry. Construction companies are even hesitant to adopt electronic signatures based on disbelief, unpreparedness, ignorance, or the "no time" myth. These types of companies must consider the benefits that technology has in modern construction workflows, which are very demanding in terms of contracts.

This makes it difficult to create, validate and operate a fair contract. The standardization of processes and contractual content, added to a correct administration and traceability of the process, help to reduce this asymmetry.

The non-standardization of creation, lack of traceability and validation in construction contracts and subcontracts. Up to this point, the construction industry has relied heavily on handshake or email deals. The failure of these processes has left companies exposed to cumbersome litigation and accusations of not following plans, specifications or agreements.

The lack of protocolization and systematization of the contractual processes, for the contractual control tasks after the signature.

Modern construction professionals are faced with tight schedules and much greater complexity where mistakes can cost dearly. The processes surrounding negotiations and administration in contracts with suppliers and subcontractors and requests for information or updating them may affect these already reduced deadlines.

Improving workflow by identifying, understanding and applying new technologies.

What does Webdox solve?

Standardize contracts with subcontractors, suppliers and people, achieving agility and compliance.

Drastically reduces the time of hiring subcontractors and suppliers, reducing signing times by more than 90%.

Promotes visibility and traceability of the status of contracts with subcontractors, suppliers and people. It provides a high level of visibility on the contract, its annexes and related documentation, helping to thoroughly understand the business relationship and its different evolutions.

Helps to optimize the tracking and verification of the level of contractual compliance with suppliers, people and subcontractors and to avoid fines for non-compliance, potential litigation or loss of reputation

Construction contract solutions

Challenges

Demystify

Asymmetry in the contracting parties

Non-standardization

Protocolization and systematization

Calendar and deadlines

Improving workflow by identifying, understanding and applying new technologies.

What does Webdox solve?

Standardization

Time reduction

Visibility

Contractual compliance

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