About Konstructly

Konstructly provides a smart software solution for construction firms that automates change management, valuation, and contract processes, enhancing visibility and accountability across projects. By streamlining payment applications and linking quality issues to payment stages, it reduces administrative overhead and minimizes cost overruns.

```xml <problem> Construction firms often struggle with inefficient change management, inaccurate valuations, and disjointed contract processes, leading to administrative overhead and cost overruns. Lack of real-time visibility into project progress and quality issues further complicates payment applications and increases the risk of overpayments. </problem> <solution> Konstructly offers a software solution designed to streamline change, valuation, and contract management for construction projects. The platform automates payment applications, links quality issues to payment stages, and provides real-time visibility into project progress. By standardizing subcontractor payment applications and incorporating built-in approval workflows, Konstructly reduces administrative tasks and minimizes the potential for cost overruns. The system facilitates collaboration between site and commercial teams, ensuring accurate valuations and preventing over-applications. </solution> <features> - Centralized change management module for raising, approving, and linking site instructions to variations and change events. - Automated payment application processing with standardized subcontractor submissions and approval workflows. - Real-time progress tracking to monitor build progress and inform valuations. - Quality management integration to link snags, defects, and QA to payment stages. - Automated generation of Payment Notices and Certs with seamless ERP integration. - Live visibility over all variation states (Uninstructed, issued, priced, rejected, and agreed). - Role-based access control for assigning responsible parties and managing cost recovery. </features> <target_audience> Konstructly primarily targets construction firms, contractors, and quantity surveyors seeking to improve efficiency and accuracy in project management and payment processes. </target_audience> ```

What does Konstructly do?

Where is Konstructly located?

Konstructly is based in London, United Kingdom.

When was Konstructly founded?

Konstructly was founded in 2021.

How much funding has Konstructly raised?

Konstructly has raised 500000.

Location

London, United Kingdom

Founded

2021

Funding

500000

Employees

12 employees

Major Investors

Y Combinator, Pioneer Fund, Eight Capital

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Konstructly

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Executive Summary

konstructly.com 700+

Crunchbase

Founded 2021 – London, United Kingdom

Funding

Estimated Funding

$500K+

Major Investors

Y Combinator, Pioneer Fund, Eight Capital

Team (10+)

No team information available.

Company Description

Problem

Construction firms often struggle with inefficient change management, inaccurate valuations, and disjointed contract processes, leading to administrative overhead and cost overruns. Lack of real-time visibility into project progress and quality issues further complicates payment applications and increases the risk of overpayments.

Solution

Konstructly offers a software solution designed to streamline change, valuation, and contract management for construction projects. The platform automates payment applications, links quality issues to payment stages, and provides real-time visibility into project progress. By standardizing subcontractor payment applications and incorporating built-in approval workflows, Konstructly reduces administrative tasks and minimizes the potential for cost overruns. The system facilitates collaboration between site and commercial teams, ensuring accurate valuations and preventing over-applications.

Features

Centralized change management module for raising, approving, and linking site instructions to variations and change events.

Automated payment application processing with standardized subcontractor submissions and approval workflows.

Real-time progress tracking to monitor build progress and inform valuations.

Quality management integration to link snags, defects, and QA to payment stages.

Automated generation of Payment Notices and Certs with seamless ERP integration.

Live visibility over all variation states (Uninstructed, issued, priced, rejected, and agreed).

Role-based access control for assigning responsible parties and managing cost recovery.

Target Audience

Konstructly primarily targets construction firms, contractors, and quantity surveyors seeking to improve efficiency and accuracy in project management and payment processes.