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.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
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.
Target Audience
Konstructly primarily targets construction firms, contractors, and quantity surveyors seeking to improve efficiency and accuracy in project management and payment processes.
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.