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Payment Management / Compliance

This process covers compliance management for subcontracts and purchase orders through to processing subcontract requests for payment.
CMiC Approach

  1. Subcontract request for payment (RFP) is entered by subcontractor into the system and placed against the schedule of values (SOV) for a specific contract on a project.
  2. Approval of the RFP is reviewed and approved using CMiC Workflow
  3. RFP posted into the system after approval.
  4. Payment processed by accounts payable and non-compliance issues, if any, are reviewed.
Efficiency Improvements

  • Elimination of the need to manually follow-up and track invoice routing and approval utilizing CMiC Imaging and Workflow.
  • One step retainage release is possible with CMiC.
  • Improved stakeholder relationship with advanced information.
Risk Mitigation

  • Real-time risk exposure notification based one events in the field
  • Risk reduction due to improved compliance management