NEWCOM Construction uses Bauwise to centralise budgeting, subcontractor payment applications and invoice workflows across concurrent residential, public, commercial and civil engineering projects.
For NEWCOM Construction, running dozens of concurrent projects with both in-house construction crews and subcontractors demands real-time cost visibility from design through handover. Project managers required a solution that could replace Excel-based workflows and track both core construction costs and overheads, allowing them to forecast profitability throughout the project lifecycle while reflecting every approved contract and expense. The team also needed a centralized system to track subcontractor progress and payment applications, with a built-in mechanism against manual entry errors and over-claiming. Invoices needed a fully digital workflow — from submission through approval to accountancy — replacing physical, hand-signed paperwork.
NEWCOM Construction implemented Bauwise to connect project managers, subcontractors, finance, and accounting teams with a centralised construction cost management system. Budgets now run with the original estimate tracked against signed contracts, enabling project managers to see exactly where a project is turning a profit or a loss — updating daily, as new contracts and expenses come in. Subcontractor payment applications are validated directly in Bauwise, with claimed sums automatically checked against contract value, removing the risk of over-claiming and significantly cutting review time. Invoices can now be entered and stored digitally, accessible from anywhere — once linked to corresponding budget lines, they are routed through established approval workflows before reaching accounting.
Centralised cost management, invoice approvals and payment applications for in-house construction crews and subcontractors across a €75 million portfolio
Subcontractor payment application review and processing cut from a week to near-instant, with claimed sums automatically capped at contract value, warranty and retention deductions, a three-way sum cross-check, and fast subcontractor confirmation
A built-in invoice management workflow, fully digitalised approval and signing, and cloud-stored invoice data available on demand
Countries
Latvia
Operating since
2003
Firm type
Main Contractor
Industry
Residential
Public
Commercial
Civil engineering
Webpage
NEWCOM Construction is a construction company that has been successfully operating in the Latvian market for the construction of residential, public, and commercial buildings, as well as civil engineering projects, since 2003. NEWCOM Construction’s main goal is to become the leading construction company in Latvia, adhering to the highest standards of quality, environmental sustainability, and workplace safety.
Bauwise equips construction CEOs with an automated cost management tool to maintain financial control, efficiency, and profitability across expanding portfolios. The cost management software links budgets, forecasts, contracts, and purchase orders in one system, enforcing approval workflows that preserve budget integrity and accuracy. Chief Executive Officers gain real-time visibility into consolidated portfolio performance, safeguarding project continuity, automating reporting, and simplifying construction portfolio management.
Bauwise provides an automated cost management solution for construction CFOs to obtain timely, verified financial data for cash flow and refinancing decisions. The software consolidates construction budgets, contracts, purchase orders, change orders, invoices, and Applications for Payment into a unified data source, ensuring all figures are validated, traceable, and audit-ready before reaching financial statements. Chief Financial Officers can track contingency budgets and risk reserves, gain visibility into liquidity, flag budget overruns early, and forecast portfolio-level cash flow.
Bauwise helps Construction Managers and Division Managers ensure all construction project costs are reported and accounted for, using an automated construction cost management tool. The software tracks linked budgets, contracts, purchase orders, and change orders, so every commitment is recorded, allocated, and tied to the correct project and cost code. Construction and Division Managers can leverage automated purchase invoice and Application for Payment validation rules with audit trails, compare planned versus actual costs in real time, and monitor division-level performance across projects.
Bauwise supports Construction Quantity Surveyors with an automated cost management solution to plan and manage full cycle construction costs — from forecasting and tendering to variation valuations and reporting. The software reconciles interim valuations, change orders, and actual costs in real time, updating forecasts and Estimate at Completion (EAC) automatically once costs are approved. It generates RFQs and tender packages, standardizes bids formats, and applies approval workflows. Links approved variations to their related contracts and cost codes, calculating their budget, commitments and EAC impact.
We’ve got your questions covered. If you can’t find the answer you’re looking for below, feel free to contact us.
Yes. You can import existing budgets, commitments, and actuals into Bauwise and pick up from where the project currently stands. Our team will support you in mapping the data and configuring the platform to match your ongoing workflows—no need to start from scratch. This enables you to continue the project without delays or the need to manually rework existing data.
Yes. We support flexible coding systems that allow you to import budgets using several options, including basic copy and pasting, as well as Excel and CSV file uploads.
Yes. We support integrations with major accounting systems like Microsoft Dynamics 365 Business Central, Odoo, SAP, QuickBooks, Xero, and more. Our team has vast integration experience and can suggest options even for less common tools. We’ll review your accounting software setup to confirm the feasibility and configure the best-fit integration.
Yes. You don’t need to integrate an accounting system to use Bauwise. You can upload your general ledger transactions using an Excel spreadsheet—just drag and drop, and Bauwise will automatically link actuals to your budget, or take advantage of Bauwise’s invoice approval workflow, which generates the transactions internally from submitted invoices.
Yes. Bauwise enables you to split any project into multiple subprojects—by construction phase, client budget, buildings, or cost categories—while maintaining a comprehensive and unified project dashboard. Bauwise consolidated dashboard displays cost forecasts, profitability, actuals, construction progress, and margin deviations across all subprojects.
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