Summary
Collaboration in commercial construction can have an enormous impact on your finances – especially when change orders are involved. Cameron Page, Founder and CEO of Extracker, knows this all too well. Cameron spent the first 10 years of his career at one of the nation’s largest design-build GCs, where he saw that every company hired on a project had their own internal-facing financial softwares. For change orders, this meant tracking everything through emails, spreadsheets, and carbon copy paper out in the field – leading to broken, disorganized change order tracking.
While we all know that change orders can be a pain, they also carry a hidden cost. You may not get paid for the change in scope until the project is complete (or long afterwards), meaning subcontractors effectively finance much of the project. Cameron recognizes the impact this has on contractors. His reasons for founding Extracker include speeding up processing times, increasing profits, and maintaining better customer relationships.
“ The change order process is pretty standard in the industry, but how companies actually document change orders and communicate them with their clients is different with almost every single company. There really is a lack of a standard in the industry.” – Cameron Page, Founder & CEO, Extracker
