Constrafor – Enabling contractors to prosper by offering robust SaaS tools and financial services

Construction procurement is an integral part of construction management but is often overlooked. With the proper construction procurement in place, a construction company can avoid major setbacks and delays, which cost time and money. When building a construction project, finding suitable building materials and supplies at the correct prices can be difficult. Building materials are often difficult to access. To procure them, you must go through many complex channels. Any lapse in the construction procurement process could lead to extra expenses that may cause you to prioritize your cash flow when you should be spending it elsewhere. A robust construction procurement process is crucial to bringing both small and large-scale dream projects to life. Once a project has been conceived, only companies with sophisticated procurement capabilities can move it into reality in profitable ways—and keep customers happy doing so!

As a SaaS and fintech innovator purpose-built for construction, Constrafor is setting new standards of productivity and cost-efficiency for the way GCs and subcontractors manage essential back-office tasks and financial transactions. For General Contractors, Constrafor’s robust cloud platform streamlines and standardizes subcontractor procurement & administration, including contracts, COIs, invoices & payments and diversity procurement – all in one place. For subcontractors, the platform offers fast and cost-effective receivables financing, including an Early Pay Program (EPP) that shortens the payment cycle, frees working capital and allows them to take on more projects. Its suite of cloud-based innovative solutions specifically designed to address the unique needs of the construction industry, enable general contractors to automate and integrate procurement workflows to lower administrative costs, improve invoice tracking, and reduce project risks with better reporting & forecasting.

All-in-One Contract Administration Solutions Leveraged

Certificates of Insurance (COI) CoPilot: Automate your COI workflow in just a few clicks and they’ll handle the rest. Constrafor allows you to request COIs from your trade partners, automate renewal notifications, manage approvals, and track real-time reports in one place. Manage your documents, communications, reminders, statuses, and reports in one easy-to-use platform. Their integrated platform allows you to save time on all your back-office tasks. Integrate with your project management tools, such as Procore, Autodesk, Sage, Vista, CMiC, and others, and they’ll automatically import key project details so your data is always accurate across all platforms. With its automated workflows, managing your COI requests and expirations turn into “set and forget” tasks. They send reminders and alerts when actions are needed so you can focus on more important tasks.

Contract Management: Streamline contracts with both project owners and subcontractors. Keep your documents organized and easily accessible to ensure consistency between your company and all your relationships. Easily log change orders, track changes and automate the signature process. Their module helps General Contractors track subcontractor invoice and payment statuses, generate project or contractor level reports, and review outstanding invoice approvals and payments. Stay organized and save time with their invoice management software that tracks, approves and reports on invoice statuses - all in one place. Their innovative cloud-based module allows you to gain visibility into the status of every invoice and securely access your dashboard anytime, anywhere. Integrate with your ERP / accounting system to enable automated transfer of key financial data. Say goodbye to manual entries and unorganized paper documents.

Payment Processing: With Constrafor’s payment automation module, general contractors can easily and securely send and receive payments electronically. Save time and cut costs by eliminating the tedious process of issuing and shipping checks. General contractors can easily and securely send and receive payments digitally with their integrated streamlined payment system. Keep cash flowing and automate payment holds to address compliance issues. Constrafor’s Early Pay Program (EPP) allows general contractors to offer an alternative financing option to their entire subcontractor network, at no cost to the GC, allowing them to benefit from accelerated payments and reduce overall project risk. Use Constrafor’s credit facility to finance subcontractor payments early; Constrafor cash is available upon invoice approval. No risk, liability, or cost to the GC/CM.

Diversity Procurement: With their innovative diversity procurement software, general contractors can now track diversity requirements for projects, including WMBE, LBE, SBE, SDVOB and others at the federal, state and local levels. They simplified the project setup so you can set it & Forget. Let the system track everything for you on a continuous basis and generate reports automatically to simplify compliance. Request diversity certifications from subcontractors and the system will send them reminders until they submit the required certifications. Get notified once the documents are ready for review and with a single click, let your subcontractors know that everything is approved.

Whether you’re working on government-funded projects or your company has internal diversity goals, compiling accurate diversity reports at the end of each month can be challenging. Constrafor continuously collects invoices and RFQs and automatically tracks and reports your progress against diversity targets. Using Constrafor, you get full visibility into your supply chain diversity spend, with all required information reflected in your automated diversity reports. Stop struggling to reach your diversity goals with your prime subcontractors and get credit for your sub-tier subcontractors and their material suppliers with their diversity procurement software.

Meet the Leader Upfront

Anwar Ghauche is the Founder and CEO of Constrafor. With a master’s degree in Civil Engineering and Operations Research and an MBA from Stanford University, Ghauche has been focused on the alignment of finance and construction for many years. He was formerly the general manager for a financial services company and before that an equities investor.

“Our suite of cloud-based innovative solutions is specifically designed to address the unique needs of the construction industry, enable contractors to automate and integrate procurement workflows dire need.”