Albuquerque, N.M.-based ClockShark has created a cloud-based, time-tracking software application for construction and service professionals.

Company officials say the technology will save contractors time and money on payroll, reduce compliance risks and improve billing.

Designed for small- to medium-sized commercial and residential HVAC contractors, the new software app will provide firms with time-tracking and reporting capabilities, a crew scheduler and GPS data features, the company says.

 The product will be available on Apple and Android devices. Details are at www.clockshark.com.