Back charges in the construction industry refer to costs that are incurred by a contractor or subcontractor as a result of the actions or inactions of another party involved in the project. These charges typically arise when one party fails to fulfill their contractual obligations, leading to additional expenses for the party that is left to pick up the slack. For example, if a subcontractor fails to complete their work on time, causing delays in the overall project schedule, the general contractor may incur back charges for the extra labor, materials, or equipment needed to make up for lost time.Back charges can also be used as a way to hold parties accountable for their actions and encourage timely and efficient completion of construction projects. By including provisions for back charges in construction contracts, parties can
What is Back Charges?
33%
80%
100%
5
Save Time & Money
Thousands of hours saved on 10,000+ jobs
Top 3 reasons construction finance teams use the Vergo platform
automate manual processes
Eliminate the hassle of manual data entry and repetitive tasks with our automation tools. Our platform ensures a smooth transition with free setup and ongoing support, making it easy for your team to get started.
streamline communication with the field
"Improve coordination and information flow between your office and field teams with our desktop and mobile app. Our platform enables real-time updates and seamless communication, keeping everyone on the same page.
.png)
unlock better reporting & analytics
Transform your data into actionable insights with our powerful reporting and analytics tools. Our platform provides instant access to critical information and dedicated support to help you make informed decisions faster.
Book your Vergo product tour today.
Fast Integration
We can get your account up and running within a week with our fast ERP integration capabilities.
money-back guarantee
We're so confident you'll love our product we'll give your money back after 30 days if you're not happy.
24/7 Customer Service
Whether you want to speak with a human on the phone or message us online, we're always available to help.
"Our finance team absolutely love the platform."
"The platform has boosted our workflow efficiency and team collaboration. It's intuitive and user-friendly, allowing us to quickly adapt and enhance productivity."
"We saved hours eliminating manual data entry."
"Automating our data entry processes has saved us hours. The software captures and organizes our financial data accurately, reducing errors and freeing up time."
"We have so much more clarity into our project data."
"The platform gives us real-time insights into project data with advanced analytics and reports, helping us make better decisions."
