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E-signatures and fillable forms offer numerous benefits for subcontractors and prime contractors alike, transforming the way they handle contracts, safety, compliance, and administrative requirements. Here are the top 3 reasons why adopting e-signatures and fillable forms are a must to modernize subcontractor management:
Traditional signing methods are time-consuming, often requiring printing, signing, scanning and emailing documents. E-signatures eliminate these steps, allowing subcontractors to sign and complete documents with just a few clicks from any device. Leveraging SMS text messaging capabilities further speeds up the e-signature process and allows subcontractors to finalize items on the go without hassle. This not only speeds up the signing process, but also reduces delays in contract procedures.
E-signature and fillable form solutions help subcontractors and prime contractors stay compliant with owner and jurisdiction requirements. Delays in signing contract modifications, safety forms, and other compliance requirements can lead to costly project delays and liability issues. E-signatures expedite the approval process, helping subcontractors avoid penalties associated with late submissions and non-compliance. This streamlined approach minimizes the risk of project disruptions and financial losses.
E-signatures accelerate the entire contract lifecycle, from initial agreement to final sign-off. Faster document turnaround times result in subcontractors receiving payments quicker. Timely collection of these requirements also allows the prime contractor to submit payment applications to the owners. This improved cash flow is crucial for business operations and avoiding issues associated with payments to suppliers & lower-tier vendors.
E-signatures and fillable forms are essential for streamlining compliance management. With the adoption of these technologies, contractors can optimize document management, avoid costly delays and penalties, and accelerate payment processes. This enables them to focus on delivering high-quality construction projects without tapping into the contingency budget to cover unnecessary risks. End-to-end subcontractor management and compliance tools, like Kaster, become even more powerful resources for contractors when they offer e-signature and fillable form capabilities combined with project and global requirement tracking for comprehensive coverage.
