Lasso’s procurement software tailored for the construction industry addresses the unique challenges of managing materials, equipment, and subcontractor services across complex projects.

Project-Specific Procurement:
Align purchasing with individual construction projects, tracking materials, equipment, and services by site or phase. This ensures the right resources arrive exactly when and where they’re needed.

Cost Management:
Monitor spending against project budgets in real time, comparing bids and tracking expenses for materials like concrete, steel, or HVAC systems. This prevents cost overruns and keeps projects profitable.

Timely Material Delivery:
Coordinate procurement with construction schedules to avoid delays. Real-time tracking of orders and supplier updates ensures critical supplies—like lumber or fixtures—arrive on time.

Improved Supplier Coordination:
Manage a diverse vendor base—subcontractors, equipment rental companies, and material suppliers—with centralized communication and performance tracking, ensuring reliability across the supply chain.

Budget Adherence:
Enforce project-specific budgets with approval workflows and spend analytics. High-value purchases, like heavy machinery, can require multi-level sign-offs to maintain financial discipline.

Reduced Waste:
Order precise quantities of materials based on project plans and progress, minimizing excess or shortages. This supports lean construction practices and cuts unnecessary costs.

Enhanced Transparency:
Provide project managers, accountants, and site supervisors with visibility into procurement status—open POs, deliveries, or invoice approvals—via dashboards, keeping everyone aligned.

Streamlined Equipment Management:
Track rentals, purchases, and maintenance schedules for construction equipment (e.g., cranes, excavators). This ensures availability and avoids downtime due to missing or faulty gear.

Compliance and Documentation:
Embed regulatory requirements (e.g., safety standards, building codes) and contract terms into procurement processes. Digital records of purchases and supplier certifications simplify audits.

Risk Mitigation:
Identify supply chain risks—like delayed shipments or unreliable vendors—using performance data and alerts. This proactive approach prevents disruptions to tight construction timelines.

Scalability for Multiple Projects:
Manage procurement across simultaneous job sites, from small renovations to large infrastructure builds. The software adapts to varying scopes and supplier networks without losing control.

Better Subcontractor Management:
Streamline hiring and payments for subcontractors by tracking bids, contracts, and deliverables in one system. This ensures fair selection and timely compensation, fostering strong partnerships.