General contractors discover margin erosion at closeout, after the labor is burned and the change order is unbilled. Nexus posts labor, materials and subcontractor commitments to the job as they happen.
Pain Point Solved
The three habits that quietly consume construction margin.
Field hours, material issues and equipment time post to the job the day they occur, so cost to date is current rather than reconstructed at the end.
Change orders are tracked as contract revisions with approval state, so scope added in the field reaches the billing schedule instead of the file cabinet.
Progress billing produces schedule of values applications with retainage held and released automatically, without a spreadsheet rebuilt each month.
Feature Mapping
Estimate through final retainage release on one record.
The awarded contract becomes a job with a schedule of values, budget by cost code and retainage terms defined up front.
Crew hours from the mobile portal, material issues from inventory and subcontractor commitments all post against cost codes.
Percent complete drives the application for payment, with retainage withheld and stored contract billings tracked automatically.
Final billing releases retainage, and over and under billing positions resolve on the balance sheet with full lineage.
Build a schedule of values, capture field hours and produce a progress billing application.