Underbillings in the context of construction refer to the situation where a contractor bills less than the actual value of work completed to date on a project. This can occur for various reasons, such as errors in estimating, changes in project scope, or delays in billing for completed work. Underbillings can have significant implications for a construction project, as they can lead to cash flow problems for the contractor and impact their ability to cover costs and meet financial obligations in a timely manner.When underbillings occur, contractors may need to find alternative sources of funding to cover expenses until they can catch up on billing for completed work. This can strain relationships with suppliers, subcontractors, and creditors, as well as potentially lead to delays or disruptions on the project.
What is Underbillings?
5X
100%
100%
5
Save Time & Money
1,000's of hours saved every month
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."
