Riskcast Solutions Launches T&M Module To Expedite Construction Jobs During and Post Coronavirus Pandemic

Newark, NJ (April 27, 2020) - Riskcast Solutions today announced the launch of a new Time and Materials (T&M) module within its platform, to help subcontractors and general contractors get back to building quickly and efficiently under changing circumstances.  With the coronavirus forcing many projects to pause, and pushing others to quick completion - such as temporary hospitals and medical facilities - Riskcast’s T&M module can digitally connect the crews of tradesmen and women with management to ensure fairness, efficiency and productivity.  

“Due to the stop-and-start nature of construction work right now, we expect T&M to take a more prominent role as budgets and timelines are reevaluated and restructured,” said Alec Thomson, Co-Founder and CEO of Riskcast.  “We accelerated the release of this tool to help crews who are working to serve needs created by the coronavirus - like emergency temporary facilities - and for crews who are going to head back to work to find their projects significantly changed.”

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The T&M module was first piloted on a temporary hospital job at Stony Brook early in April. The project consisted of 20 days around the clock, to build a 1000+ bed temporary hospital with a crew of 300+ people.  According to a subcontractor on the job, and longtime Riskcast partner, the module enabled the teams to create and present the T&M tickets to the GC to review and sign for approval in a fast and efficient way.  View the demo here.  

Features within the module include auto populating information, tracking ticket status, capturing comments and revisions, signing and distributing copies, and creating invoices for billing. Together, these features empower contractors to communicate about the work being done, necessary changes, and approvals in real-time. The release of the new module was originally planned for later this spring, but Riskcast moved the launch up to accommodate coronavirus needs within the construction industry.

The release of the T&M module comes just weeks after Riskcast announced free 90-day access to its platform for construction crews building through the coronavirus epidemic, allowing teams to experiment with working from home.  Duties such as payroll processing, crew scheduling, job cost reviews and production reports can all be managed remotely through Riskcast.