:: RHUMBIX T&M TRACKING ::
Rhumbix is revolutionizing time & materials tracking for General Contractors with Rhumbix T&M. This new module to the Rhumbix platform finally digitizes T&M tickets for subcontractors, with data generated from the field, with cloud-based reporting and tracking and approvals. It's simple to use -- vastly more simple than paper! -- and at last gives you a nearly immediate overview of your time and materials outlays.
DIRECT FROM FIELD
Paperless T&M tags for all subcontractors, direct from the field, means faster, easier, more complete data.
Cloud-based T&M tracking, approvals, and reporting means a complete solution for digital time & materials tracking.
SIMPLE TO USE
Rhumbix T&M functions independently of ERP software, is easy enough for anyone to use, and works for field or office-bound GCs, subcontracts, and even sub-tier vendors.
:: digital time & materials ::
Field time & materials tag generation, including all project, General Contractor and subcontractor reference numbers.
Comprehensive tools for capturing all T&M work, including labor, equipment, materials, and even sub-tier vendors!
Instantly attach supporting photos and field documents to enrich and clarify time & materials entries.
Field subcontractor and General Contractor verification options.
Includes owner approval, if required.
Capture drafts, date of submission, supporting data to streamline administration.
:: WEB-BASED T&M TRACKING & REPORTS ::
AVOID COSTLY DISPUTES
Cloud-based reporting tracks status, disposition and value of T&M risk. Facilitates recovery and helps avoid costly disputes.
FACILITATE ADMIN & RECOVERY
View all open and historical T&M tags submitted by subcontractors, facilitating administration and recovery.
IDENTIFY OUTSTANDING RISK
Identifies oustanding T&M risk and value of unapproved work. Avoids nasty surprises for both the General Contractor and the owner.
:: ESSENTIAL ACROSS MANAGEMENT CHAIN ::
The T&M workflow empowers the transparent, free-flow of data from the field to subcontractors, then up to general contractors, and finally to owners. The Rhumbix system is architected such that all needed stakeholders can have access to the data to understand the level of pricing risk present on a project.
Ultimately, GCs sit between the owner and the subcontractor in the T&M workflow. Often T&M work arises because of owner initiated changes associated with design development or changes. GCs are typically contractually required to execute changes required by the owners, and typically do not have any visibility of the quantity, extent, or value of change orders that might be expected on a project.
The RMBX EWT solution is equally applicable to subcontractors as it is GCs. Subcontractors are often disadvantaged by T&M work, when GCs reject legitimate requests for compensation due to poor administration, or inaccurate records. Delays to processing T&M tags often means the costs of capital for work installed falls on the subcontractor, for whom the cost of working capital is already disproportionately high.