What is Planyard’s Subcontractor Valuation Software?

Planyard’s Subcontractor Valuation Software is designed to simplify the collection and management of subcontractor valuations and progress claims. It enables accurate tracking, seamless approval workflows, and alignment with project budgets.

How does Planyard help manage subcontractor valuations?

Planyard streamlines the management of subcontractor valuations by: Automating the collection of monthly reports. Linking valuations directly to project budgets and contracts. Simplifying approval workflows to ensure timely payments. Making sure that subcontractors don’t overbill the agreed-upon amounts.

Can Planyard automate the collection of subcontractor valuations?

Yes, Planyard automates the process by: Allowing subcontractors to submit valuations through a centralized platform. Ensuring all reports are tied to specific contracts and projects. Calculating previously approved amounts in real-time. Reducing manual data entry and errors.

How does Planyard handle the approval of progress reports?

Planyard simplifies the approval process by: First asking approval from the project team. If approved, an optional approval can be asked from the management. Once everyone has approved, the subcontractor can simply upload their invoice. The invoice is automatically tied to the project and contract.

Can Planyard track valuations against budgets in real time?

Yes, Planyard links all subcontractor valuations to project budgets, allowing users to: Monitor valuations against contracted amounts. Identify potential overspending early. Update project budgets automatically with approved costs.

Is Planyard suitable for managing multiple subcontractors and projects?

Yes, Planyard is designed to handle payments for multiple subcontractors across several projects. It provides a consolidated view of all claims, their statuses, and their impact on project budgets.

How can Planyard save time in managing subcontractor valuations?

Planyard saves time by: Automating the collection, consolidation, and approval of valuations. Reducing the need for manual spreadsheets and complex workflows to calculate previous amounts. Ensuring that subcontractors are not overbilling.

Subcontractor valuation software

Planyard streamlines the collecting and reviewing process of subcontractor valuations. Filling in the simple online valuation is easy for the subcontractors. It allows the project team to make work life easier by managing the process spreadsheets and data entry free.

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Planyard construction budgeting software showing the budget overview screen with real-time updates on project costs, purchase orders, and invoices.

Quantity surveyors or site engineers can quickly request the valuation for any open subcontract order on Planyard. Select the corresponding subcontractor orders and click “Send valuation template.” Planyard automatically emails the valuation template to the subcontractor.

In addition, you can let subcontractors issue the valuations at any time via the valuation submission link, which you may enter on your website or the subcontractor’s legal agreement.

Easy valuation submission for the subcontractors

The subcontractor receives a simple personal email from the quantity surveyor to submit the valuation with a big blue button saying, “Submit the valuation.”

The valuation template opens automatically on the browser screen with a click on the button. The subcontractors do not need to create accounts or log in anywhere; they do not need to be trained to submit the valuation.

The valuation web form provides a real-time overview of the subcontract order contract sum breakdown, including the amount previously committed and the amount remaining in the contract.

The subcontractors can easily submit the month’s progress along with the new variations and easily deduct the prepayment.

Planyard does not allow the subcontractors to overcommit the contracted items, thus preventing overbilling.

Upload your project budget and follow the financial progress in real-time

No credit card required. No sales or IT support needed.

Start a 14-day trial Request a demo

Spreadsheets free valuation review process for the project team

The Planyard displays a simple red notification on the project menu indicating that a new subcontractor valuation has been submitted for review.

The quantity surveyor can immediately see the subcontractor-submitted variations with a click. You can decline or link them with the budget item, automatically updating the corresponding item’s committed costs in the project budget view.

Open the valuation, review the current month’s progress, and “Approve” or “Reject and change” the subcontractor valuation.

You can use the internal approval workflow to request that the site engineers, finance team, or your client review and approve the subcontractor valuation.

Once everything is correct, we click “Approve” and send an automatic confirmation message to the subcontractor. The whole process, including updating the budget and subcontractor order financial performance and managing the variations, is spreadsheets and duplicate data entry free.

Automatic valuation report

The subcontractor received another simple email confirming the month’s progress was approved. Planyard automatically calculated and created the attached PDF valuation report with automatic calculations.

The valuation PDF report states the current total value of the valuation, the amount of retention booked, the amount of prepayment settled, and the amount that needs to be invoiced.

There is another blue button in the emails where the subcontractor can load the purchase invoice so it gets automatically linked to the correct valuation and the subcontractor order, and we have less manual invoice sorting. You can also manually link the valuation to the order for the right subcontractor.

Upload your project budget and follow the financial progress in real-time

No credit card required. No sales or IT support needed.

Start a 14-day trial Request a demo

Processing the purchase invoice for the valuation

Once the project team logs on to Planyard, they see a simple red notification on top of the Costs tab indicating a new purchase invoice waiting for review.

One-click to open the invoice, and you will immediately see the invoice on the right side of the browser screen and the submitted valuation contract sum breakdown and totals on the left side.

It’s easy to double-check that the invoice total matches the valuation totals. Once everything is correct, just hit approve.

Data entry free subcontractor billing and budget updating process

Once the quantity surveyor approves the invoice, Planyard processes it through the integration into accounting systems such as QuickBooks, Xero, Sage, MYOB, or email, which means there is no repetitive data entry work for the accounting team.

In addition, Planyard automatically updates the project budget and the subcontractor order and allows tracking of their financial performance, payment summary, all variations, how much retention is booked and released, and whether the prepayment is settled in real time. The subcontractor order is interlinked with the tender request and all the invoices we have approved for the subcontract order. So, several transactions happen automatically, saving the project team’s time from manual repetitive reporting.

We can be sure that we stay within the budget, the subcontractors can not overbill us, it’s a whole digital process, and we saved quite a bit of time.

Customers testimonials

See how Planyard helps businesses like yours succeed - read their stories in our blog.

"Planyard's integration with Xero has streamlined our project financials, providing clear insights and saving us valuable time. It's easy to use and keeps all commitments organized for seamless financial tracking."

Sharon Brown Financial Controller · Empower Renewables · Dublin, Ireland

"Planyard is basically a live CVR and saves time by making Excel unnecessary. Once a project’s set up, I can rely on Planyard to stay organized without spreadsheets."

Claire Hill Quantity Surveyor · Brown & Bancroft Interiors · Bolton, United Kingdom

"Planyard is exactly what I’m after as a business owner: a good-value system that keeps everything in one place, saves me money and makes sure I’m not losing any money on projects. As a businessman, that’s a no-brainer."

Lee Covington Owner · E&N Group Ltd · London, United Kingdom

"I’m confident that we can manage multiple projects effectively. We’re currently running three fairly large ones, and the system makes it very clear and easy to manage all of them at once."

Graham Eastwood Office Manager · Karringtons Ltd · Kent, United Kingdom

"I chose Planyard because it stood out as the most straightforward and intuitive option on the market. I really wanted a tool that would simplify our existing processes and make everything more efficient, rather than switching to a system that was far too complicated for us to use on a daily basis."

Grant Collins Quantity Surveyor · Skyler Contracting · Kent, United Kingdom

"Planyard has completely replaced my CVR process. Cost Value Reconciliation is essentially about tracking your budget against your actual spend to see exactly what remains, and that functionality is the absolute essence of the central core of Planyard."

Ian Holford Managing Director · Higgihaus Developments · Bristol, United Kingdom

"For me Planyard is essentially the go to software for SMBs. There are other software packages out there that are a large investment upfront with a significant monthly cost. These are all potential solutions once you get to a very large business but they are not a solution for SMBs."

Paul Howarth Experienced FD/Consultant · Live Management Accounts

"Timewise, on a single project, I'd probably save 6 to 8 hours—essentially a full day every month. When it comes to processing monthly payments, it saves me a solid day, perhaps even a day and a half, just in sorting through the invoices. Saving a day and a half of my time means the system pays for itself time and time again."