ConstructSecure is now Highwire

ConstructSecure is now Highwire!

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Highwire Finance

Ensure the financial stability of each partner you work with by assessing their capacity and then helping them succeed.

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Engage

Assess the financial health of every partner.

Based on the evaluation criteria and risk tolerances you set, Highwire analyzes the financial capacity of each partner to assess their viability. See the whole financial picture clearly in order to elevate partners for success by verifying their work volume history, max contract value, and more.

  • Analyze key ratios from each partner, as well as financial statements if necessary

  • Instantly view liquidity and financial flexibility to determine short-term financial health

  • Adjust evaluation requirements by insurance type, coverage limits, or type of work

“Don’t think about it as disqualifying contractors, but instead educating them on how to be safer and more financially sound.”

Russell Johnson
Vice President, Insurance & Surety
Skanska

Collaborate

Develop data-driven risk mitigation plans.

Highwire identifies financial risk factors to inform risk-mitigation plans with your partners. Assess contracting partners’ capacity and ability to perform the necessary work on your project with detailed work-in-progress and backlog information. From surety bonding to adjusting payment schedules, Highwire gives you the financial intelligence to enable every partner to do their best work. 

  • Collaboratively build personalized risk mitigation strategies based on financial and workload risks

  • Keep your finger on the pulse of financial health with integrations to construction accounting systems

  • Track COIs to ensure contracting partners have the proper insurance coverage

Review

Maintain up-to-date financial risk profiles.

Highwire makes project closeout impactful with reports that benchmark partner financial performance over time. Elevate your partners by providing specific and detailed feedback that illuminates opportunities to improve operational performance to make them a stronger partner. 

  • Use objective performance comparisons to inform your financial conversations

  • Provide feedback based on verified financial data to elevate each partner to their highest potential

  • Produce critical financial reports for internal review to inform future project decisions


Rosendin uses Partner Elevation to support their growth.

During a period of rapid growth, Rosendin made Partner Elevation their sustainable competitive advantage by collaborating with contracting partners to mitigate risk. In this success story, you’ll learn:

  • How Rosendin reduced incident rates by 33% and DART by an impressive 65%

  • The process Rosendin used to shift from qualifying contractors to elevating partners

  • How automation allowed Rosendin’s managers to spend more time building safety protocols



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