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TRAYD

All-in-one construction payroll and back-office management platform

TRAYD is a construction payroll and workforce management platform designed for specialty contractors, offering time-tracking, payroll automation with same-day/instant pay options, earned wage access, and back-office management including HR, scheduling, and field tracking.

$4.5M (Seed Round, Feb 2025) raisedEarly Stage
Founded 2022 · Century Drywall (600-person union drywall contractor, Northeast US); multiple beta customers; 90% adoption rate among target customers; backed by Y Combinator S23
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WHY IT EXISTS

Why This Tool Exists

The Problem

Specialty contractors waste 20+ hours per week on manual payroll processing, compliance calculations, and back-office work. Prevailing wage rules vary by state and project, requiring complex manual overrides. Workers struggle with payment delays—specialty contractors often wait 1-2 weeks to receive pay, while they need immediate access to earned wages.

The Solution

TRAYD consolidates time-tracking, payroll, HR, and accounting in one platform. Real-time attendance authentication enables same-day and instant pay through earned wage access. Automated prevailing wage calculations handle union requirements and multi-entity payroll. Mobile app allows foremen to clock workers in/out from the job site.

USAGE

How You Use It

Delivery Method
SaaSMobile App
Disciplines
Construction
Workflows
Coordination & Delivery
Project Phases
Bidding/Procurement, Construction Administration, Operations/FM
Project Types
Commercial, Infrastructure, Residential, Industrial
TRANSPARENCY

Data Transparency

Exactly what this tool uses and how

Input
What it needs
Required:Employee data (name, role, classification), Time tracking data (clock in/out times), Job site information, Union requirements (if applicable)
Optional:Prevailing wage schedule uploads, Equipment and fringe benefit data, Custom pay rate rules, Project-specific compliance rules
Formats:Mobile app time tracking (iOS/Android), Manual time card entry, Web-based employee data import
Output
What you get
Format:Automated payroll with multiple payment options and compliance documentation
Fields:Processed payroll by job site and project, Certified payroll reports (prevailing wage projects), Pay stubs with detailed deductions, Liability calculations by entity and project, Field time reports, Labor cost analysis, Compliance certifications
Algorithm
How it works
Model:Proprietary payroll processing engine (detailed specifications not publicly disclosed)
Accuracy:95% automatic identity verification approval rate without manual intervention; platform claims 90% adoption rate among target users, suggesting high accuracy in time tracking and payroll processing
Privacy
How your data is protected
Retention:Not explicitly specified; project-based retention implied
Training:Not publicly specified
Compliance:Privacy policy available at https://www.buildtrayd.com/privacy-policy, Identity verification and data vaulting powered by OneFootprint, No specific SOC 2 or HIPAA certifications mentioned in public materials
API
Integration
Endpoint:Contact vendor for API access
Method:Not publicly documented
USE CASES

Use Cases

  • ·Automating prevailing wage calculations and certified payroll reporting for union construction projects
  • ·Enabling same-day pay to reduce worker turnover in high-turnover construction labor markets
  • ·Consolidating multi-entity payroll across multiple job sites and projects
  • ·Streamlining HR onboarding and compliance verification for construction workers
  • ·Providing real-time labor cost visibility and job site cost analysis
  • ·Managing complex union benefits, holiday pay, and wage rules across different classifications
PRICING

Pricing

Free
No free tier mentioned
Pro
Contact for pricing
Enterprise
Custom enterprise pricing available
Sources & Research NotesResearch date: 2026-02-01
Data Sources (9)
Fields Checked (19)
problem, solution, deliveryMethod, disciplines, projectPhases, projectTypes, yearFounded, maturityStage, customerBase, fundingTotal, input-required, input-optional, output-format, output-fields, control-features, useCases, privacy-location, privacy-policy-link, algorithm-approach
Not Found (11)
integrations-list, api-documentation, api-endpoint, api-auth-details, privacy-data-retention, privacy-training-data, soc2-certification, specific-pricing-tiers, detailed-algorithm-model, webhook-support, algorithm-accuracy-metrics
About this research: This record summarizes the cited sources and fields checked. A research date does not establish hands-on testing. Consult the original sources for current details and limitations.
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