Payments Shouldn't Be a Bottleneck
One of the biggest frustrations in construction is payment timing. Contractors finish work, milestones get approved, but then days or weeks pass before the check actually arrives. Meanwhile, subs are fronting material costs and payroll.
Bidroom's Automated Payment Scheduling eliminates this bottleneck by letting project owners configure automatic payment releases tied directly to milestone approvals.
How It Works
When a milestone is marked as approved on your project, the system checks your auto-payment settings:
- Release Delay: Set a waiting period (e.g., 24 hours) after approval before funds are released. This gives you time to review if needed.
- Lien Waiver Requirement: Optionally require the contractor to submit a lien waiver before the auto-payment processes.
- Maximum Amount: Set a cap — payments above this threshold still require manual review and approval.
Benefits for Everyone
Contractors get paid faster and more predictably. Owners maintain control with configurable safeguards. And project managers spend less time chasing payment approvals.
Sign up free to set up automated payment scheduling on your next project.
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