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APPIA
Tracking Split Project Funding
Tracking, managing, and reporting on split funding set-ups is a time-consuming and stressful process, especially if you’re relying on spreadsheets or disjointed systems. With more federal funds and grants available than ever before thanks to the Bipartisan Infrastructure Law (BIL), engineering firms and agencies are seeking new ways to approach fund allocation on their projects.
SOLVE THIS ISSUE Are you experiencing challenges with managing split project funds?
When we talk to engineering firms and local agencies, we often hear about the following challenges with fund management:
Prioritizing federal funds for certain items on your project isn’t easy
Accommodating a grant into your funding set-up mid-project throws things into chaos
Dealing with a mix of state/local funds from things like penny tax programs causes confusion
How Appia helps with simplified fund tracking and funding caps
Appia is a cloud-based construction administration and inspection platform that has specific functionality for managing split funding. Appia offers the following functionality to resolve challenges with fund management:
Allocate items to different funds and prioritize a funding type
Set up a funding cap on items that can only be funded to a certain threshold
Report on fund progress during and after the project with robust reporting tools
Fund tracking testimonials
If you have to track two or three different packages of funding, it’s helpful to be able to track that in Appia and then generate a report at any time during the project on where those packages are at and what percent complete.
Appia has the capability of setting up funding packages, making it much easier to track pay items which may or may not be eligible for reimbursement from certain funding sources.
We can run a report for a certain pay item number and compile all the payments that are posted in Appia in one place. If someone is saying that they’re paving a section of sidewalk, but you’re in a curb and gutter pay item, the mistake will stand out really quickly.
