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Check out the latest and greatest from the team at Rabbet.

Commercial Real Estate Software in NYC

The Complete Guide to Unconditional Lien Waiver and Release Forms

An unconditional release differs from a conditional release because the moment you sign the document, you’ve immediately given up your rights to file a mechanics lien or you’re obligated to... Read More

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The Basics of Lien Waivers

Complicated and multi-faceted endeavors with a large number of involved parties, construction projects encompass a broad range of potentially risky points that can result in grave financial consequences if the... Read More

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The Basics of Retainage

What is Retainage? Retainage is the withholding of a portion of the funds that are due to a contractor or subcontractor until the construction project is finished. It is meant... Read More

2022 Construction Payments Report Takeaways

2022 Construction Payments Report Takeaways

Rabbet - the leading provider of construction finance software for commercial real estate developers, development service providers, construction lenders, and lender service providers, released the 2022 Construction Payments Report, with... Read More

REPORT: THE $208B COST OF SLOW PAYMENTS TO THE CONSTRUCTION INDUSTRY

REPORT: THE $208B COST OF SLOW PAYMENTS TO THE CONSTRUCTION INDUSTRY

Timely payments to general contractors and subcontractors reduce project risk, added costs, and delays. Rabbet’s 2022 Construction Payments Report dives into what happens when those payments don’t arrive on time... Read More

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Why Rabbet Integrates with AP and Accounting Systems

Why is Rabbet building integrations with every major accounting software? Development management and accounting are distinct and important activities for any real estate developer. Like drywall and paint, both are... Read More

contingency usage

The Basics of Contingency on Construction Projects

Knowing capital needs on a construction project is critical to ensure proper cash reserves and interest reserves. Rabbet users can forecast what funding sources are going to be drawn during which months on the project then ensure sufficient interest reserves remain available.

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2021 Construction Payments Report Highlights

To finance slow payments, the estimated overhead included in subcontractors’ bids is 2.75% and 5.81% for general contractors. This year’s report uncovered that slow payments to subcontractors and general contractors will create $136B in additional costs for the US Construction Industry in 2021.

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Slow Payments to Cost the Construction Industry $136B in 2021

General contractors and subcontractors estimate that the cost of floating payments for wages and invoices represents $136 billion in excess cost to the industry, a 36 percent increase from the cost reported in 2020. Findings indicate those costs are passed on to real estate developers and financiers in the form of project delays and higher bids from contractors. 

Rabbet AvidXchange Partnership

Rabbet Customers Can Now Send Invoices Data Directly to AvidXchange

Rabbet customers who add the Send to AvidXchange feature can now easily send coded invoices directly to AvidXchange for invoice processing, payment, and posting to accounting systems.

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9 Best Practices for Managing Change Orders as a Real Estate Developer

When planning the project, you predict uncertainty by including a contingency. The change order is the process of transforming this uncertainty into a certainty.

Rabbet/AvidXchange Announcement

Rabbet Announces Partnership with AvidXchange to Enhance the Invoice Management Process for Real Estate Development Teams

Rabbet, the leading provider of real estate development management software, today announced a partnership with AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market to enhance the invoice management process for real estate development teams.

9 Best Practices for Managing Change Orders as a Real Estate Developer

Project Forecasting

Knowing capital needs on a construction project is critical to ensure proper cash reserves and interest reserves. Rabbet users can forecast what funding sources are going to be drawn during which months on the project then ensure sufficient interest reserves remain available.