Clearstory

Clearstory, formerly known as Extracker, operates as a SaaS company with a specific focus on the construction industry. The company provides a communication tool designed to streamline the change order process between general contractors, specialty contractors, and owners.

The platform addresses the common issue of managing out-of-scope work, which is often tracked through inefficient paper-based methods like triplicate carbon-copy paper. By digitizing and centralizing this process, Clearstory aims to reduce administrative overhead and financial risk for all parties involved. The system creates instant, digital Time and Material (T&M) tags, which helps in meticulously tracking any work that isn't part of the original contract.

For general contractors, the service helps in preventing potential lost revenue by providing a real-time, transparent view of all change order requests. For specialty contractors, it accelerates the payment process for the work they have completed. The business model is based on subscriptions to their platform, which offers features like digital T&M Tags and standardized change order templates. By providing access to real-time data, the platform enables teams to make more informed financial decisions throughout the lifecycle of a construction project.

Keywords: change order, construction, T&M tags, general contractor, specialty contractor, risk management, payment processing, SaaS, project management, financial tool