Mark Systems’ IHMSTM supports every residential construction process from land acquisition through warranty. Using the same single knowledge base, the IHMS Land Development module offers full budgeting, scheduling, complex contracting, and job cost for land development and commercial construction projects.
With support for multiple Land Development budgets, builders using Mark Systems’ IHMS Land Development module can track development projects from inception through close out. Voucher requests tied directly to contract lines and tight budget control prevents overruns and ensures billing accuracy.
By taking advantage of IHMS inherent multi-company capabilities, developers can use any entity structure or combination of entities. Mark Systems’ IHMS Accounting modules provide discrete company, financial, and cost reporting, while allowing cross-company allocations, inter-company postings, and consolidated financial reporting.
Using a single software product for every aspect of residential development and construction gives builders unmatched access to information and control over reporting.
Working Job Cost budgets for IHMS Land Development update directly from accepted subcontractor agreements.
Mark Systems’ IHMS Contract Management & Material Purchasing modules allow simple, accurate entry, and maintenance of quantity based and percentage complete contracts using industry standard formats.
Virtually unlimited levels of detail lines for multiple cost codes, including change order information by detail line and cost code, is tracked directly in each contract. Extensive reporting on billed items, remaining balance, payments, and contract status identify potential problems before they occur.
Whether land development costs exist in the same company as vertical construction costs or in an entirely separate entity, Mark Systems’ IHMS lets you assign land allocations directly to each house.
IHMS common knowledge base and multi-company capability lets you post costs, payments, expenses, and cash receipts across entities; to both individual houses and to the land development project in the same transaction.
Get insights into lot development and home construction progress, hone in quickly on issues and make decisions with Mark Systems’ LotVue. Filter maps by phases, development stages, lot status, and sales status.
The Land Development module lets builders and developers enter and maintain multiple line items and cost code detail for large complex vendor contracts, typically for projects such as land development / site improvement.
These contracts also have the ability to be tied to 3rd party vendor Pre-Liens which enables the user to process progress payments for the contract and produce joint checks in order to satisfy the pre-liens. In addition, this contract information may be used to update and maintain the project’s budget throughout the life of the project.
Each vendor contract can be entered and tracked in detail as agreed upon with the ability to add line items to account for change order detail throughout the construction process. Investor partnership reimbursement dollars as a percentage of the total contract can also be automatically tracked as progress payment vouchers are processed.
Land Development Module Edit Contract View (click to view contract)