StatsLog Software Corporation

Statslog FIVE's vision is to provide You with the best contract administration software for design professionals to help them deliver successful construction projects with high efficiency, accuracy, collaboration, confidence with as little as possible, administrative risk.

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REVIEW OF PAYMENT APPLICATIONS (GC 5.3)
The consultant must review the contractor’s application for payment, determine the amount properly due, and issue a certificate for payment or provide written reasons for any revisions or rejections. Timely and documented review is critical for contract compliance and cash flow.
How Statslog FIVE streamlines payment reviews:
FIVE organizes submitted payment applications, supporting documents, and consultant comments in one structured workflow. Reviewers must confirm quantities, values, and compliance before proceeding, with mandatory approval confirmations built in. Automated reminders help consultants meet contractual review timelines, and full version history ensures every change, revision, or rejection is documented and traceable.

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Statslog FIVE has been trusted for over 40+ years, FIVE is the industry standard used by architects, designers, and builders from sole-practitioners to some of Canada’s largest firms.

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Users of STATSLOG FIVE have $18 billion worth of projects across the globe, currently administering $6 billion worth of construction in commercial buildings, heritage projects, labs, schools/universities, and government offices.

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Allowance

Definition: in construction, an allowance refers to a specific amount of money included in the budget for an item or work scope that has not been finalized or specified in detail. It serves as a temporary placeholder to accommodate future decisions or selections.

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Want to learn more about construction terms, as they relate to contract administration?

We’ve compiled an index of definitions including—relevant examples, their applications, and professional tips!

Go to statslog.com/glossary for Definitions and Professional Tips.

APPLICATIONS FOR PROGRESS PAYMENT (GC 5.2)
Contractors must submit formal applications for progress payment, including quantities, unit prices, and supporting documentation. These applications form the basis for consultant review and owner payment and must follow contract timelines and requirements.
How Statslog FIVE streamlines progress payment applications:
FIVE centralizes schedules of values, unit price lists, and backup documentation in one secure system. It automatically fills payment application forms with contract and project data, reducing manual entry and errors. Built-in approval checkboxes ensure internal review is completed before submission, while time-stamped records create a clear audit trail for consultants, owners, and payment legislation compliance.
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Force Majeure

Definition: a legal term often found in construction contracts, referring to unforeseeable circumstances or events beyond a party’s control that prevent them from fulfilling their contractual obligations. These events typically include natural disasters, war, strikes, and other exceptional occurrences.

Significance
Understanding force majeure is crucial for managing construction projects, as it acknowledges that unexpected events can impact timelines and costs. It underscores the need for flexibility and adaptation in the face of adversity, fostering fair and balanced contractual relationships.

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STATUTORY DECLARATIONS = PROGRESS PAYMENTS
Topic: Statutory Declarations for Payment (GC 5.4)
Statutory declarations confirm that subcontractors and suppliers have been paid and are required for progress payments and release of holdback.
How Statslog FIVE manages statutory declarations:
FIVE stores statutory declarations alongside payment records, linking them directly to the corresponding application for payment. Declaration forms are auto-populated with contractor and project data, reducing manual errors. Approval confirmations ensure declarations are submitted and verified before payment proceeds, while centralized storage creates a reliable compliance record for audits or disputes.

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Starting a Project: Client / Architect Agreement

FIVE was developed to help in completion of administration tasks of any Contract type. It does this by providing a single access for data, automated tracking of approvals, complex calculations, generation of forms and reports, easy assembly and linkage of support material for, distribution, storage, and retrieval.

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