AI TOOL PROFILE
Constrafor: Construction Risk and Payment Software
- Construction
- Project Management
- General contractors
- Subcontractors
- Construction firms managing high volumes of COIs
- Construction companies using Procore or Autodesk
Pricing
Early Pay financing starts at 0.5% per week. Tiered subscriptions include Blue (0.4% weekly), Gold ($1,750/month at 0.35% weekly), and Platinum ($3,500/month at 0.33% weekly).
At a glance
- Best for
- General contractors, Subcontractors, Construction firms managing high volumes of COIs, Construction companies using Procore or Autodesk
- Key use cases
- Subcontractor Cash Flow Management, Insurance Compliance Tracking, Subcontractor Onboarding, MWBE Tracking
- Integrations
- Procore, Viewpoint Vista, Autodesk Construction Cloud, Sage 300, CMiC
- Official website
- Visit constrafor official website
How AI is used
Constrafor is a cloud-based platform designed for the construction industry to address administrative and financial workflows between general contractors (GCs) and subcontractors. For GCs, it provides procurement tools to handle vendor onboarding and compliance.
Subcontractors may use the platform to manage cash flow through an invoice financing program designed to provide funds faster than standard billing cycles. The platform also includes AI-enabled tools to support the review of insurance documents.
Buyers should confirm whether they need risk management tools for GCs or financial tools for subcontractors, as features are divided between these two user types. The platform supports integrations with certain ERPs and project management software to help reduce manual data entry.
Key Features
Contract Management
Tools to store, manage, e-sign, and track contracts between clients and subcontractors.
COI Management
Supports the collection and tracking of Certificates of Insurance to help maintain compliance.
Early Pay Program
Invoice financing for subcontractors designed to provide access to funds within 48 hours.
CoPilot AI Risk Assistant
AI-enabled tools designed to support the review of insurance documents.
Prequalification Tools
Customizable tools to help GCs verify and validate trade partners.
Diversity Procurement
Tools to help find and track MWBE trade partners and monitor diversity quotas.
Invoice and Payment Processing
Digital tools for tracking invoice statuses and processing payments to trade partners.
Use Cases
Subcontractor Cash Flow Management
Using the Early Pay Program to finance GC-approved invoices to shorten the revenue cycle.
Insurance Compliance Tracking
Using automated collection and review of COIs to help ensure trade partners meet project requirements.
Subcontractor Onboarding
Using prequalification and contract management tools to help standardize the process of hiring trade partners.
MWBE Tracking
Tracking and reporting on diversity procurement goals for construction projects.
Integrations
- Procore
- Viewpoint Vista
- Autodesk Construction Cloud
- Sage 300
- CMiC
FAQ
Who can use the Constrafor Early Pay Program?
- The program is designed for subcontractors who wish to receive payment on GC-approved invoices from active jobs within 48 hours.
Does Constrafor integrate with other construction software?
- Yes, it supports integrations with Procore, Viewpoint Vista, Autodesk Construction Cloud, Sage 300, and CMiC.
How does the AI work in Constrafor?
- The platform includes CoPilot, an AI Risk Assistant designed to support the review of insurance documents.
What are the costs for the Early Pay Program?
- Pricing starts at 0.5% per week, with subscription tiers (Blue, Gold, and Platinum) that provide lower weekly rates in exchange for monthly fees.
Source category: Construction
Source subcategory: Project Management
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