[🏗️ Construction]

Project Finance for Construction & Infrastructure.

Subcontractor payments, retention management, bill of quantities reconciliation, mobilization advance tracking, equipment finance integration, and multi-project treasury for builders and contractors.

BOQ
Auto-matching
Retention
Tracked
Sub-contractor
Payments
Multi-project
Finance
✗ The Problem

What you're dealing with today

✗Subcontractor bills verified against BOQ and work completion certificates manually - takes 2-3 weeks per payment cycle
✗Retention money held back across hundreds of subcontractors tracked in Excel - disputed at every project close
✗Mobilization advances disbursed upfront with recovery tracked informally - many never recovered
✗Equipment hiring costs, fuel, repairs across a fleet with no systematic tracking or vendor payment schedule
✗Multiple projects with different client billing schedules - no consolidated view of receivables vs payables
✗GST on construction services - works contract, composite supply, RCM on subcontractor payments - is complex
✓ SpacePe Solution

How SpacePe fixes it

✓BOQ-linked bill certification - match subcontractor invoice to work completion certificate to BOQ item automatically
✓Retention ledger per subcontractor per project - auto-calculate release on milestone completion or project close
✓Mobilization advance ledger with recovery schedule - auto-deduct from running bills until recovered
✓Equipment vendor payment management with utilization tracking per machine per site
✓Multi-project dashboard - client billing milestones, subcontractor payables, net cash per project
✓Construction GST automation - works contract rates, RCM on subcontractors, JDA and collaboration structures
[Features]

Purpose-built for Construction

Not generic finance software. Every feature built around how your industry actually operates.

📋

BOQ-Based Bill Certification

Link subcontractor bills to BOQ items and work completion certificates. System matches quantity executed, verifies against contract rates, flags excess claims.

🔒

Retention Management

Automatic retention deduction per contract terms. Retention ledger per subcontractor. Release on milestone, practical completion, or DLP expiry.

💸

Subcontractor Payments

Bulk payments after bill certification. Auto TDS under section 194C. Running bill statements per subcontractor per project.

📊

Mobilization Advance Tracking

Track mobilization advances per subcontractor with recovery schedule. Auto-deduct from running bills. Alert when advance not recovered per schedule.

🏛️

Multi-Project Treasury

Cash positions per project. Client billing receivables vs subcontractor payables. Working capital utilization per project and consolidated.

⚖️

Construction GST

Works contract tax rates. RCM on subcontractors. JDA accounting. Labour supply vs works contract classification. Multi-state GSTIN for site-level billing.

[How It Works]

Step-by-step workflow

1
Set up project with BOQ and subcontractor registry
2
Certify bills against work completion and BOQ
3
Process running bill payments with retention and TDS deductions
4
Track mobilization advance recovery
5
Generate client billing milestones
6
Consolidate multi-project cash position
"

Retention disputes dropped from 8 per project to zero. Every deduction is documented with the clause reference and subcontractor signature.

- CFO, Infrastructure Contractor

[Platform Modules]

Everything activated for this industry

Bills
Vendors
Projects
Retention
Tax
Analytics
Treasury
Compliance

[ Integrated with India's Leading Banks ]

Yes Bank ★
IDFC First Bank ★
RBL Bank ★
SBI
ICICI Bank
Bank of Baroda
PNB
HDFC Bank
Bandhan Bank
AU Small Finance Bank

★ Deep Integration Partners - Direct API connectivity

Get an industry demo for Construction

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